A research study by some officers in the RBI found empirical evidence of the presence of considerable price discrimination in the OTC currency derivatives market. The services provided by banks on the FXRetail platform need special attention. The response time and onboarding of customers on the platform can be faster. 24.
The revised product regulations in OTC derivative markets now  permit market-makers to deal in derivative products of varying  4 5  Primary Dealers Association of India (PDAI) Foreign Exchange Dealers Association of India (FEDAI)  9  complexity and to offer these products only to non-retail/institutional customers who have the ability to handle the risks associated with such products.