RBI chief Rajan says to ease some rebooking rules for importers

Image
Reuters MUMBAI
Last Updated : Sep 04 2013 | 6:25 PM IST

MUMBAI (Reuters) - The central bank will allow importers to rebook 25 percent of cancelled forward contracts, new Governor Raghuram Rajan said on Wednesday in his first media briefing after taking charge.

Rajan also said the Reserve Bank of India would allow the introduction of cash settled 10-year interest rate future contracts.

(Reporting by Neha Dasgupta; Editing by Subhranshu Sahu)

More From This Section

First Published: Sep 04 2013 | 6:17 PM IST

Next Story