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India to review credit and commodity derivatives bans

Indian regulators may reconsider their bans on the trading of simple credit-risk-mitigation techniques, such as credit default swaps (CDSs), and on some exchange-traded commodity derivatives.

Draft guidelines on trading of single-entity CDSs were issued in 2007 by the Reserve Bank of India (RBI), India's central bank, with the expectation that trading would start last year. But in June 2008, the

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