The Reserve Bank of India has unveiled draft rules allowing participants to take short positions in government securities, aiming to boost market liquidity and price discovery. A detailed framework for trading "when-issued" securities, bonds yet to be officially released, is also introduced. These measures, with specific limits for banks, primary dealers, and others, are open for public feedback until July 17.
The Reserve Bank of India has introduced draft rules that permit participants to take short positions in government securities, aiming to significantly enhance market liquidity and price discovery. The framework also details trading for "when-issued" securities, with specific…
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