Indian interest rate futures on hold

19 May 2003

Participants in India's nascent interest rate futures markets are urging Reserve Bank of India (RBI) to relax its guidelines on futures trading.

The country's first short term interest rate and bond futures contracts are ready to be launched by National Stock Exchange of India (NSE) (see FO Week Vol 8 No...

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“The fact is, an awful lot of people would be very happy for all business to be transacted over the counter. Transparency is good for the consumer, but privacy is better for the banks and the brokers. Wherever there’s a grey area, it’s possible to make money.”

European consultants predict frantic lobbying during the Mifid review.