NEW DELHI: Insurance Regulatory and Development Authority (Irda) today allowed Insurance companies to hedge their interest risks by participating in interest rate derivatives of a longer tenure.
As per existent norms, insurers are permitted to enter Forward Rate Agreements (FRAs), Interest Rate Swaps (IRS) and Exchange Traded Interest Rate Futures (IRF) with a maximum tenure of one year.
However, as per the final guidelines insurers would be able participate in interest ra ..
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