NEW MONEY MAR­KET FUTURES PROD­UCTS

The Economic Times - - Rbi Monetary Policy -

RBI will al­low futures trade on an ap­pro­pri­ate money mar­ket rate. The con­tract specifications will be de­cided by Septem­ber af­ter con­sult­ing mar­ket par­tic­i­pants and Sebi. RBI feels it is im­por­tant to de­velop such mar­ket seg­ments that could sig­nal ex­pec­ta­tions of mar­ket par­tic­i­pants, while al­low­ing hedg­ing of as­set-li­a­bil­ity mis­matches.

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