<ul data-eligibleForWebStory="true"><li>The Reserve Bank of India (RBI) issued draft regulations for Rupee Interest Rate Derivatives to align with market developments.</li><li>The existing regulatory framework for Rupee Interest Rate Derivatives was issued in June 2019.</li><li>A comprehensive review of the IRD Directions was undertaken to include new market developments.</li><li>Non-residents can engage in IRD transactions through their central treasury or group entity, as per the draft.</li><li>Comments on the draft Master Direction are sought by RBI from banks, market participants, and interested parties by July 7, 2025.</li><li>Reporting requirements have been rationalized in the draft to reduce compliance burden.</li><li>A proposal for reporting of IRD transactions undertaken globally aims to enhance transparency in the Rupee IRD market.</li></ul>

RBI Issues Draft Norms On Rupee Interest Rate Derivatives

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