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TMI BlogDraft Directions on Non-Resident Participation in Rupee Interest Rate Derivatives MarketsX X X X Extracts X X X X X X X X Extracts X X X X ..... Draft Directions on Non-Resident Participation in Rupee Interest Rate Derivatives Markets - News and Press Release Dated:- 7-12-2018 - News - The Reserve Bank of India today released Draft Directions on non-residents access to Interest Rate Derivative (IRD) market. Comments on the draft directions are invited from banks, market participants and other interested parties by December 31, 2018. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Feedback on the draft directions may be forwarded to: The Chief General Manager, Reserve Bank of India Financial Markets Regulation Department 1st Floor, Main Building Shahid Bhagat Singh Marg, Mumbai 400001 Or by email with subject line Feedback on draft directions on non-residents access to Interest Rate Derivative (IRD) market. Background It was proposed in the Bi-mo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nthly Monetary Policy Statement in April 2018 that non-residents shall be given access to the Rupee Interest Rate Derivative (IRD) market in India. The draft directions in this regard propose non-residents access to IRD market, allowing non-residents to hedge their Rupee interest rate risk flexibly using any available IRD instrument. Non-residents will also be permitted to participate specifical ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly in the Overnight Indexed Swap (OIS) market for purposes other than hedging. The draft directions in this regard is being issued for public feedback. Ajit Prasad Assistant Adviser - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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