RBI widens options for rate futures | Reuters

MUMBAI The Reserve Bank of India (RBI) relaxed guidelines on what domestic interest rate futures can be offered on Friday, allowing banks to hedge their short-term interest rate exposure.Until now, banks could not hedge their interest rate risk on active government bond benchmarks other than 91-day treasury bills.Registered exchanges can select the underlying instrument or interest rate of new contracts, subject to RBI approval, the central bank said in a circular.

For full statement see: bit.ly/2e4psT7

(Reporting by Suvashree Dey Choudhury; Editing by Toby Chopra)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date: Oct 28, 2016 20:48 PM

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