 "RBI considering reforms in debt markets: Khan")
Reserve Bank of India (RBI) Deputy Governor H R Khan said on Tuesday the central bank was considering new measures in debt markets, including working on a trading platform for repos and corporate bonds and looking at building bond indexes.
Khan's comments, at an event organised by the Federation of Indian Chambers of Commerce & Industry (FICCI), come as the central bank has unveiled new debt initiatives this year, including the introduction of a 40-year bond and raising debt investment limits for foreign investors.
He further said that RBI could "take a bit of a chance" in terms of its current restrictions on foreign investors from buying corporate debt of less than three years in residual maturity.
RBI in February said it would prevent foreign institutional investors from buying corporate debt with less than three years in residual maturity, applying the same restriction currently in place for government bonds.