RBI Asks Lenders To Report More Offshore Swap Trades

The central bank asked lenders to widen the scope of reporting offshore interest rate derivative trades as it seeks to better manage overseas flows, according to people familiar with the developments.

- Bloomberg

The Reserve Bank of India (RBI) has requested foreign banks operating in India to report details of all offshore trades involving rupee interest rate products, the people said, adding the disclosure would help enhance oversight of client positions. Currently, not all offshore trades are reported, especially those carried out by overseas lenders with offshore clients outside of India market hours, they a