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's central bank follows up an initiative to develop financial markets by simplifying how non-resident companies with less than $ 30 million of exposure do their hedging.
India's central bank has reopened the flow of offshore rupee-denominated bond sales, but treasurers are more worried about rules preventing deals with related parties