..........However, checking the speculation in the market has its own disadvantages. According to experts, RBI's decision to tighten its noose to curb speculations will drive investors to offshore markets, such as Singapore, through the non-deliverable forwards market. This will further worsen the situation. According to reports, the RBI's excessive intervention in the currency forwards and futures market in India, worth close to $9 billion, could result in a liquidity crunch and volatility, making it difficult for banks to look after the genuine currency needs of its clients.
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
No comments:
Post a Comment