India to allow non-residents to enter onshore IRS market

The RBI will let non-residents participate in the interest rate swap markets, introduce a mandatory loan component in working capital finance and allow rupee 'swaptions'
India to allow non-residents to enter onshore IRS market

The Reserve Bank of India (RBI) will finally allow foreign corporates to enter into the onshore interest rate swap market – a derivative contract agreed between two counterparties often used as a hedging instrument.

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