Needs framework for corporate bond repos: RBI deputy

India needs a proper regulatory framework for repos in corporate bonds, a Reserve Bank of India (RBI) deputy governor said on Monday.                                           

Utilisation of the $15 billion limit on foreign investment in corporate bonds is low, Shyamala Gopinath said.                                           

The RBI had late last year proposed guidelines for repurchase agreements or repos in corporate bonds, a move bankers say will add depth to the relatively illiquid market.