But what is far from good is that trading in the rupee-dollar currency pair came to a grand total of less than USD 1 single million! There is considerable room for improvement, isn’t there? We will continue to support the development of professional training courses and investor education programmes to deepen expertise in the sector.
Greater transparency can be expected to increase the quality of economic policy and public and private sector decision-making, to sharpen the effectiveness of market discipline and to reduce the tendency for herd behaviour in currency and bond markets. The development of international standards on transparency of fiscal monetary and financial regulation policy by the IMF is a positive development in this context.