RBI Governor Shaktikanta Das emphasized the need for Indian banks to expand their presence in the rupee derivatives markets, both domestically and internationally. Despite some progress, domestic banks still have limited involvement in derivatives, primarily interacting with global market-makers rather than end clients. Das stressed the importance of enhancing participation while maintaining a prudent approach and improving pricing transparency for retail customers.
RBI Governor Advocates Increased Bank Participation in Rupee Derivatives Market
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