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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

India to allow bond options next year

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MUMBAI: The Reserve Bank of India said it would allow the trading of bond options starting January 31, 2017, in the latest move by the central bank to develop the country’s debt markets.


The RBI said market participants would be allowed to trade both exchange-traded and over-the-counter bond options, including for market-making purposes.


The move had long been expected after an RBI panel proposed in February that bond options be introduced to provide more hedging options for investors.


India has been keen to develop its fixed income markets and imposed revamped trading rules for bond futures in January 2014. — Reuters


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