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RBI to introduce repo for corporate bonds soon

RBI to introduce repo for corporate bonds soon
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First Published: Fri, Sep 11 2009. 10 14 PM IST
Updated: Fri, Sep 11 2009. 10 14 PM IST
Hyderabad: The Reserve Bank of India, or RBI, is set to shortly introduce repurchase agreements (repo) in corporate bonds but the launch of credit derivatives would need more time, deputy governor Usha Thorat said on Friday.
At present, the repo facility is allowed only in government bonds.
The guidelines on repo for corporate bonds would be placed on RBI’s website shortly, said in a meeting in Hyderabad.
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First Published: Fri, Sep 11 2009. 10 14 PM IST
More Topics: RBI | Repo | Corporate Bonds | Money Matters | Bonds |