Re: RBI news - Introduction of Cross-Currency Futures and Exchange Traded Option Cont
Thanks for the info
STT = Securities Transaction Tax (applicable to equity trading)
CTT = Commodities Transaction Tax (applicable to commodity trading)
These are "additional" taxes applicable to traders who dabble in equities and commodities respectively. So far, there's no such additional trade-specific tax in currency trading, hence the relative attractiveness of that instrument.
CTT = Commodities Transaction Tax (applicable to commodity trading)
These are "additional" taxes applicable to traders who dabble in equities and commodities respectively. So far, there's no such additional trade-specific tax in currency trading, hence the relative attractiveness of that instrument.