Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 1199)

2020-09-18 Banking

1199.

Who issued draft on rupee IR derivatives?

SEBI

SBI

RBI

SIDBI

Answer: Option

Explanation:

The Reserve Bank on Tuesday proposed allowing foreign portfolio investors (FPIs) to undertake exchange-traded rupee interest rate derivatives transactions subject to an overall ceiling of INR 5,000 crore. Interest Rate Derivatives (IRDs) are contracts whose value is derived from one or more interest rates, prices of interest rate instruments, or interest rate indices.