RBI allows non-residents to participate in rupee interest rate derivatives market
Updated : March 27, 2019 09:20 PM IST
The non-residents can undertake rupee interest rate derivative transactions on recognised stock exchanges, electronic trading platforms and over the counter markets (OTCs).
A non-resident will be allowed to undertake transactions in the rupee interest rate derivatives markets to hedge an exposure to rupee interest rate risk and other specified purposes, the central bank said.
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