Table 4 Progress made under financial inclusion plans  Source: Reserve Bank of India  BIS central bankers’ speeches  9  In this direction, the effort so far has been to make basic banking facility available to all villages with a population of over 2,000 by end-March 2012.
Hedging has a cost. It is the price an agent pays to convert an uncertainty to a certainty. Thus, there may be a tendency to remain unhedged and leave events in the lap of 5/6  BIS central bankers' speeches  gods. Should the market conditions turn hostile, there is a mad scramble to cut loss which exacerbates the market further.