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'
The offshore renminbi interbank offered fixing rate is now in swing. Limited liquidity will impact the ability to produce hedging products on the back of it, at least for the short-term, experts note.
The Hong Kong Monetary Authority (HKMA) and the Treasury Markets Association (TMA) both announced plans that could further open up the marketplace for offshore renminbi in Hong Kong.
Apr 29, 2013
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