Thursday, March 28, 2019

RBI allows non-residents to participate in rupee interest rate derivatives

RBI has issued direction on ‘Non-resident participation in rupee interest rate derivative markets’ allowing all entities including non-residents to participate or transact in interest rate derivatives market. The directions shall be applicable to Rupee interest rate derivative transaction in India undertaken on recognised stock exchange, Electronic Trading Platforms and Over-the-Counter market.

from taxmann.com News https://ift.tt/2UfUptw

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