G Padmanabhan: Goa to Goa – changed contours of the Indian Forex Markets – new realities and priorities Inaugural address by Mr G Padmanabhan, Executive Director of the Reserve Bank of India, at the 23rd Annual Forex Assembly of the Forex Association of India, Goa, 18 August 2012. *  *  *  Assistance provided by S/Shri.
G Mahalingam and H. S. Mohanty gratefully acknowledged. 1. It is indeed an honour to once again address the top professionals in the Indian forex market. It is exactly 15 years since Dr Y V Reddy, the then RBI Deputy Governor, heralded the beginning of a true forex market in India in this city through what has become famous as the "Goa Speech".