So, too, are forward-looking initiatives such as the Trade and Investment Enhancement Agreement between Canada and the EU, which would allow qualified workers to move much more easily between the EU and Canada and would enhance the ability of our financial sectors to seize investment opportunities.
Also, the exchange rate is market-determined though the RBI closely monitors and occasionally intervenes to avoid volatility and also ensure orderly conditions in forex markets. We undertook financial sector reforms, especially banking reform as a prelude to liberalisation of some capital account transactions in the external sector. We discourage banks’ investments in real estate and stock markets.