rupee interest rate derivatives Current Affairs, GK & News

RBI Issues Draft on Rupee Interest Rate (IR) Derivatives Directions 2020

The Reserve Bank have proposed to allow foreign portfolio investors (FPIs) to undertake the rupee interest rate derivatives which is subject to a ceiling of ₹5,000 crore. These directions aim to encourage high non-resident participation, to enhance the role of domestic market makers in the other market, to improve transparency and to achieve better regulatory ..