Currency RBI releases directions on rupee interest rate derivatives Updated : June 27, 2019 06:37 AM IST Regulations on interest rate derivatives (IRDs) have so far been issued separately for each product, including for products traded on exchanges. These regulations were framed with a view to guide the initial evolution of the market through prescriptive requirements. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.