India Delays Stricter Trading Loan Rules as Volatility Climbs

India’s central bank has delayed the roll-out of stricter rules on loans to proprietary traders and some liquidity providers, offering relief as markets are roiled by volatility due to the Iran conflict.

The rules — which were first announced in February — now take effect on July 1 instead of April 1, the Reserve Bank of India said in a statement Monday. The central bank also eased some conditions, allowing funding for proprietary trading against full cash collateral, removing curbs on financing market makers, and broadening acquisition finance to include mergers and amalgamations.