What does the July 1, 2026, RBI extension mean for Indian stock market liquidity? Ashish Rathi, COO & Whole-Time Director at HDFC Securities, breaks down the impact of new collateral rules and STT hikes on @NDTVProfitIndia. In this media interaction, Ashish Rathi discusses the recent RBI press release regarding capital market intermediaries. Key topics include the redefined "cash and cash equivalents," the 10% haircut on overnight mutual funds, and the shift toward 100% collateralization for proprietary trading. As STT on Futures increases by 150% and Options by 50% today (April 1), we explore the cumulative impact on derivatives volumes and market making. Key Takeaways: - RBI Extension: The implementation of the February 30th circular is deferred to July 1, 2026. - Collateral Rules: Proprietary trading now moves toward 100% collateralization, reducing overall market leverage. - Taxation: The 150% STT increase in Futures and 50% in Options adds further pressure on trading costs. #RBI #StockMarketIndia #AshishRathi #HDFCSecurities #STTHike #FinanceBill2026 #PropTrading #FandO #MarketLiquidity #NDTVProfit #TradingRegulation #InvestingIndia