Non-resident Participation in Rupee Interest Rate Derivatives Markets (Reserve Bank) Directions, 2019

Apr 03, 2019 | by Avantis RegTech Legal Research Team


The Reserve Bank of India (RBI) on March 27, 2019 having considered it necessary in public interest and to regulate the financial system of the country to its advantage issues directions to all entities including the non-residents, eligible to participate or transact in interest rate derivatives in India. The Directions are called as ‘Non-resident Participation in Rupee Interest Rate Derivatives Markets (Reserve Bank) Directions, 2019’. These Directions are applicable to Rupee interest rate derivative transactions in India, undertaken on recognized stock exchanges, electronic trading platforms (ETP) and Over-the-Counter (OTC) markets. It will come into force with immediate effect.

[Notification No.: RBI/2018-19/151]

Click here to download the Notification.


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