rbi speech, 2024-04-08
A significant policy initiative has been to permit the banks to access offshore INR markets for (i) FX derivatives (in 2020), subject to the presence of an operating IFSC Banking Unit (IBU); and (ii) for interest rate derivatives (in 2022) with a view to improve the efficiency of price discovery and provide greater opportunities to domestic participants.
Sentiment: neutral
Topic: mp_economic_activity