Crosshairs: Silent SEBI

The Securities and Exchange Board of India (SEBI) is very aggressive and vocal on certain issues and maintains a Sphinx-like silence on certain others. On 20th July, the MCX-SX took the bold and unusual step of dragging SEBI to court. According to it, SEBI left it with no choice. The clock was ticking towards the September deadline when MCX-SX’s provisional recognition to trade in currency...

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