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RBI GROUP ON Re DERIVATIVES FOR PHASED APPROACH (introducing less complex interest rates in the first phase).
(From India Business Insight)
Working group on rupee derivatives set up by Reserve Bank of India (RBI) has recommended a phased approach to the issue beginning with the introduction of less complex interest rates in the first phase. Jaspal Bindra, CEO-India of Standard Chartered Bank, is the Chairman of the Working Group.
In the first phase, the group has recommended the introduction of vanilla caps, ...
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