It would be in the fitness of things, if the public sector banks, which hold substantial rupee resources, inculcate appropriate treasury skills and introduce such products in the market. We cannot expect the foreign banks or few of the private sector banks that have little rupee resources to develop this market. Issues in take out financing 19.
Beyond the short term, changes in administered prices and indirect taxes are expected to significantly affect inflation in 2006 and 2007, and an upward impact can also be expected from the indirect effects of past oil price increases.