RBI issues draft norms for reporting on forex derivative transactions involving rupee
The RBI on Monday issued draft norms for banks to report foreign exchange derivative transactions involving rupee undertaken by their related parties globally, a move aimed at enabling better pricing decisions by market participants.
The RBI on Monday issued draft norms for banks to report foreign exchange derivative transactions involving rupee undertaken by their related parties globally, a move aimed at enabling better pricing decisions by market participants.
The Reserve Bank said it has been taking several measures to enhance transparency in the markets for over-the-counter (OTC) foreign exchange, interest rate and credit derivatives.
As part of these measures, all transactions in OTC derivatives are reported to the trade repository (TR) of the Clearing Corporation of India Limited (CCIL) by market-makers.
