Offshore Trading
Offshore paying, stop losses push India's 5 yr OIS rate to 10 month peak
The five-year swap rate jumped to 6.81%, the highest since Nov. 9, 2022, while the one-year swap rate inched higher to 7.08%, the highest since March 9
 "Offshore paying, stop losses push India's 5 yr OIS rate to 10 month peak")
Hardeep Puri flags Offshore Bid Round; promises transparency to investors
Union minister Hardeep Singh Puri on Monday launched the Offshore Bid Round offering and assured transparency, efficiency and ease of doing business to investors. In a keynote address to industry leaders in Houston, the Union Petroleum and Natural Gas Minister described the initiatives taken by his Ministry in accelerating the exploration and production activities in India. Puri also gave his views on the importance of Coal Bed Methane in increasing India's domestic production and reducing the country's import burden. He launched the Special CBM (popularly known as Coal Seam Gas) Bid Round - 2022 for International Competitive Bidding on Monday at Houston. Simultaneously, Puri launched the Offshore Bid Round offering 26 blocks -- 18 carved out by DGH and eight as a result of expression of interests (EoI) from potential investors -- covering an area of approximately 2.3 lakh Sq. Km. Out of 26 blocks, three blocks based on EoIs are onshore covering an area of only 3,666 sq km, a medi
 "Hardeep Puri flags Offshore Bid Round; promises transparency to investors")
Moving onshore
India needs modern tools to hedge currency risks
 "Moving onshore")
Singapore Exchange may go for GIFT connect for strong India play
The move has hit the Singapore bourse hard as the 'SGX Nifty' is currently one of the most-traded contracts on its platform
 "Singapore Exchange may go for GIFT connect for strong India play")
