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RBI Issues Draft Norms On NRI Participation In Interest Rate Derivative Market
The draft norms have proposed NRIs access to the IRD market, allowing them to hedge their rupee interest rate risk flexibly using any available IRD instrument
The Reserve Bank of India (RBI) Wednesday issued draft guidelines on non-residents’ participation in the interest rate derivative (IRD) market.
The draft norms have proposed non-resident Indians’ (NRIs) access to the IRD market, allowing them to hedge their rupee interest rate risk flexibly using any available IRD instrument, RBI said in a release.