Answer: Ministry of Finance , Reserve bank of India and Securities & Exchange Board of India
Notes: In India, the operation of currency futures requires the permission of multiple regulatory bodies. The Ministry of Finance oversees economic policy, while the Reserve Bank of India (RBI) regulates monetary policy and foreign exchange. The Securities and Exchange Board of India (SEBI) regulates the securities market. Therefore, all three entities must collaborate to ensure a stable and regulated trading environment for currency futures. This multi-agency approach helps maintain financial stability and investor protection in the derivatives market.
