Adoption of new products requires participation from market participants in terms of providing liquidity, contributing to price determination and easing operational constraints. It is upon the market participants to take the baton forward to develop the market and offer innovative financial 10  products to a broader set of clients. The RBI will remain constantly engaged with the market bodies and participants.
Together, we should remain future ready at all times. I firmly believe that we can do this. I wish FIMMDA all success in its future endeavours and look forward to our continued partnership. Thank you. 11