Draft Rupee Interest Rate Derivatives (Reserve Bank) Directions, 2019

Apr 16, 2019 | by Avantis RegTech Legal Research Team


The Reserve Bank of India (RBI) on April 03, 2019 releases draft Rupee Interest Rate Derivatives (Reserve Bank) Directions, 2019 under the provisions of RBI Act, 1934. RBI in its Statement on Developmental and Regulatory Policies dated February 7, 2019, announced that RBI will issue a simplified comprehensive guidelines to rationalise regulations for interest rate derivatives (IRDs) to achieve consistency and ease of access with the eventual objective of fostering a thriving environment for management of interest rate risk in the Indian economy.

RBI invites comments on draft directions from banks, market participants and other interested parties by April 26, 2019. The feedback may be forwarded to the Chief General Manager, Financial Markets Regulation Department, 1st Floor, Main Building, Shahid Bhagat Singh Marg, Mumbai – 400001; or by email.

[Press Release: 2018-2019/2361]

Click here to download the Press Release.


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