Reserve Bank of India’s new Governor, Sanjay Malhotra, announced the setup a panel to review trading and settlement timings for markets regulated by the central bank.
In this three-day meeting of the Monetary Policy Committee (MPC), Sanjay Malhotra stated that working groups will be formed to carry out recent developments in financial markets and market infrastructure.
This report shall be submitted by the Panel on April 30th of this year.
There have been several developments including increased electronification of trading, availability of forex and certain interest rate derivative markets.
RBI also announced that it would include forward contracts in government securities to help long-term investors and manage their interest rate risk across the interest rate cycle.