In order to facilitate Standalone Primary Dealers to provide comprehensive services to their clients, the RBI has decided to permit them to offer foreign exchange products to their FPI clients, as permitted by the bank from time to time.
from taxmann.com News https://www.taxmann.com/topstories/222330000000016163/diversification-of-activities-of-standalone-primary-dealers-–-foreign-exchange-business-rbi.aspx
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