Indian Traders Seek Relaxation on RBI Measures

Representatives of the Association of NSE Members of India (Anmi) are scheduled to meet Reserve Bank of India officials on Wednesday to seek a relaxation on recent measures that effectively bar banks from funding proprietary traders for capital markets trades.

According to two people aware of the matter, the Anmi representatives will meet with RBI officials to discuss the impact of these measures, which have been in place since the RBI's move last month. The RBI's decision has been a significant blow to proprietary traders, who rely on bank funding to execute trades.

The meeting is expected to be a crucial one, as Anmi representatives seek to persuade RBI officials to revisit their decision and provide a more relaxed framework for banks to fund proprietary traders. The outcome of this meeting will be closely watched by the market, as it has the potential to impact the profitability of proprietary traders and the overall functioning of the capital markets.

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

Meeting Details

• Date: Wednesday
• Participants: Anmi representatives and RBI officials
• Agenda: Seeking relaxation on RBI measures affecting proprietary traders