Expansion of the geographic scope of banking activities, rapid technological change in the production of financial services, the increasing importance of nonbank providers, and evolving patterns of economic growth are among the factors that are changing the banking marketplace.
BIS central bankers’ speeches  5  exchange rate volatility, the discussion of NDF becomes animated and a large part of the blame for the volatility is laid at its door. Be that as it may, with increasing financial integration with the global economy and ever growing body of investors with an Indian interest, it is no wonder that Rupee should attract global attention.