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    <title>Draft Directions on Non-Resident Participation in Rupee Interest Rate Derivatives Markets</title>
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    <description>Non-resident access to the Rupee Interest Rate Derivatives market is proposed, allowing offshore entities to hedge rupee interest rate risk using available IRD instruments and permitting participation in the Overnight Indexed Swap (OIS) market for purposes other than hedging; the draft directions are issued for public consultation with comments invited to the Reserve Bank of India&#039;s Financial Markets Regulation Department.</description>
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      <description>Non-resident access to the Rupee Interest Rate Derivatives market is proposed, allowing offshore entities to hedge rupee interest rate risk using available IRD instruments and permitting participation in the Overnight Indexed Swap (OIS) market for purposes other than hedging; the draft directions are issued for public consultation with comments invited to the Reserve Bank of India&#039;s Financial Markets Regulation Department.</description>
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