RBI's new regulation? Issues draft norms on Rupee interest...

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RBI's new regulation? Issues draft norms on Rupee interest rate derivatives; allows non-resident to undertake transactions

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The Reserve Bank of India has released draft regulations to update rules for Rupee Interest Rate Derivatives, aligning the framework with market practices and increased non-resident participation. These proposed changes allow non-residents to undertake IRD transactions and simplify reporting requirements. The RBI seeks feedback on the draft by July 7, 2025, aiming to enhance market transparency.

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