RBI Issues New Directions on Forward Contracts in Government Securities Effective May 02, 2025
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- By Chetan Kulasri
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- Last Updated on 25 February, 2025
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Notification No. FMRD.DIRD.17/14.03.042/2024-25, Dated 21-02- 2025
The RBI, under sections 45W and 45U of the RBI Act, 1934, has issued the Reserve Bank of India (Forward Contracts in Government Securities) Directions, 2025. These apply to forward contracts in government securities (bond forwards) in the Over-the-Counter (OTC) market in India. The directions are effective from May 2, 2025. Eligible persons for bond forward transactions include residents and non-residents permitted to invest in G-Securities under the FEM (Debt Instruments) Regulations, 2019.
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