RBI Eyes Money Market, IRS To Boost Fx Maturities

28 May 2013

The Reserve Bank of India is looking to improve the availability of long-term over-the-counter fx forwards by developing the country’s money market and interest rate swaps market, making it easier to price forwards with tenors greater than one year.

The Reserve Bank of India is looking to improve the availability of long-term over-the-counter fx forwards by developing the country’s money market and interest rate swaps market, making it easier to price forwards with tenors greater than one year.

Shri G Padmanabhan, executive director at the RBI, said ...

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