There is a general order in which markets are linked together due to various factors like global economic policies,Interest rate cycles etc. By watching the country’s financial market as a whole (means currency,commodity,stock market and bond prices)
NSE, BSE and MCX-SX exchanges has received approval of the Securities and Exchange Board of India (Sebi), the market regulator, to introduce IRFs (Interest Rate Futures). MCX-SX is the first to offer live trading in Interest Rate Futures in 10-year government bonds in the currency derivatives segment with effect from January 20.
With the initiation of a program sponsored by the World Bank, international investors can be able to buy offshore rupee-dominated bonds. By this program, World Bank aimed to further strengthen the financial market in the country by attracting overseas investment.