RBI Executive Director calls for robust market

.....So far, we have responded by restricting the freedom of market participants to enter into derivative transactions with a view to curbing speculation and panic-driven trades. Looking ahead, we shall perhaps have to build a robust market which will provide an ample opportunity for all kinds of trades, even speculative ones, without upsetting the apple cart," said G Padmanabhan, executive director of RBI at the Authorised Dealers' Conference at Agra on November 30. Padmanabhan also believes that there is a need to provide adequate instruments suiting every market participant's hedging strategy. "Hedging is an agent's choice, depending on his risk appetite. The market must provide adequate instruments suiting every market participant's hedging strategy. As of now,......

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