NSEL scam: Brokers of IIFL, Anand Rathi, Geojit arrested.
Also, there were not many clients in the market as they had already made alternate arrangements due to the strike.
In the last four months, the daily average turnover of currency options has increased from Rs 600 crore to Rs 3,000 crore.
Around 200 brokers are said to be involved in the scam; they have been summoned for questioning. Major brokerages questioned by the EoW so far include Anand Rathi, Motilal Oswal, India Infoline and Geojit Comtrade.
In the offshore non-deliverable forwards, the one-month contract was at 61.56/66, while the three-month contract was at 62.16/26.
In the latest large opinion poll, the opposition Bharatiya Janata Party and its allies were forecast to win a narrow majority in the 543-seat lower house of parliament, compared with previous surveys predicting that they would fall short.
A higher opening in the domestic equity market also supported the rupee but dollar's gain against other currencies overseas limited the rise of domestic unit, forex dealers said.
In the offshore non-deliverable forwards, the one-month contract was at 62.26/36, while the three-month was at 62.83/93.
n New York market, the dollar posted second-quarter losses against nearly all major rivals yesterday, with the exception of the euro.
After National Spot Exchange Ltd (NSEL) this week suspended trading in forward contracts, the Forward Markets Commission (FMC), the commodities market regulator, on Friday sought to allay fears over the exchange defaulting on open contracts.
Gold prices are already moving fast to the key level of Rs 30,000 per 10 gms
Brokers have only kept guarantees for which they have open positions.
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