In the debt market segment, the RBI interacts closely with Fixed Income Money Market Dealers Association of India (FIMMDA) and the Primary Dealers Association of India (PDAI) for overall improvement of government debt markets and promoting sound market practices.
With regard to the payments system infrastructure, the introduction of the Real Time Gross Settlement (RTGS) system since 2004 has made it possible for large value payments to be transacted in a faster, efficient and secure manner. In order to enhance transparency of secondary market trades in government securities, a screen based anonymous order matching system has been operationalised.