The rules will allow resident Indian non-retail users to deploy instruments such as credit default swaps and total return swaps without any restrictions on purpose, while limiting the use of these instruments by non-resident users for hedging purposes.
The Reserve Bank of India has released its final rules on credit derivatives. These regulations permit resident Indian non-retail users to freely utilize instruments like credit default swaps and total return swaps. However, non-resident users are restricted to using these…
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