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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 X X X X Extracts X X X X X X X X Extracts X X X X ..... ns 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. F ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eedback 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, Mu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mbai - 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-monthly Monetary P ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... olicy 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 specifically in the Overnig ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ht 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 X X X X Extracts X X X X X X X X Extracts X X X X
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