New RBI chief Rajan says to ease some rebooking rules for importers

Last Updated: Wed, Sep 04, 2013 13:01 hrs

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.

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