I would suggest that the FEDAI and market participants may work together to promote competing trading platforms in the overall interest of market stability and efficiency and reducing the cost of trading. The way forward 28. The Indian foreign exchange market has come a long way in terms of variety of instruments, participants and the overall market turnover.
Because other major currencies have also fallen against the US dollar during this period, the Canadian dollar has declined much less against these currencies. Nonetheless, given the importance of our trade with the United States, the effective value of the Canadian dollar, measured on a trade-weighted basis against all the major G-10 currencies, has declined significantly in recent months.