Whereas previously the huge losses from the forward book led to a structural liquidity surplus in the money markets, which had to be mopped up by using expensive instruments such as the so called special money markets swaps, our operations in the money markets now follow what one may refer to as normal central banking patterns.
Second, trade policy, both domestic and external, should facilitate commercialising of agriculture and thus, enhance the scope for investments. Restrictions to trade within the country at a time when economy is opening up, may, at times, be less than optimal.