Such an exchange was not established and badla were legalized again in 1996 (with a carry-forward limit of Rs 200 million per broker) and banned again on 2 July 2001, following the introduction of futures contracts in 2000.
An exchange was not created, yet badla were legalized in 1996 (with a carry-forward limit of Rs 200 million per broker) and then banned on July 2, 2001, following the introduction of futures contracts in 2000.