BusinessPhoto: Mint MarketsRBI Funding Curbs Have No Major Impact on Prop Traders: NSE
Proprietary traders adapted to the Reserve Bank of India's funding restrictions by extending bank guarantees and raising funds through corporate bonds, preventing a significant drop in their trading volumes. Sriram Krishnan, NSE's chief business development officer, explained this during the exchange's Q2 earnings call. The RBI's funding curbs, effective from July 1 after a three-month delay, were managed by traders using available financial strategies.
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