The Reserve Bank of India ( RBI) may soon allow repo trades between market players through Certificate of Deposits (CDs) and Commercial Papers (CPs). “Given that not much of transaction happen and also that there is a demand, we will allow repo in CDs and CPs,” said HR Khan, deputy governor of RBI at CII event on Wednesday. Khan also said that the government is expected to notify on reducing withholding tax on rupee-denominated infrastructure bonds soon. Besides that the RBI was also considering whether foreign investors can be allowed to participate in currency futures trading..........
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