The Reserve Bank of India has released draft regulations to update rules for Rupee Interest Rate Derivatives, aligning the framework with market practices and increased non-resident participation. These proposed changes allow non-residents to undertake IRD transactions and simplify reporting requirements. The RBI seeks feedback on the draft by July 7, 2025, aiming to enhance market transparency. Post navigation Noida couple fined for flouting traffic rules after video of bike romance goes viral Elon Musk gives another ‘America bankruptcy’ warning: ‘All tax revenue will go to paying…’
