d)  Limited instruments and products – There is need for a wide array of instruments and products to be available in the markets that would meet the diverse needs of its participants. There is lack of these in the Indian context which in turn inhibits development of these markets.
2/3  BIS - Central bankers' speeches  In generally, adoption of the euro by a small economy brings higher price transparency and competition, lowers transaction and borrowing costs, reduces currency risks and makes it easier for domestic firms to do business in foreign markets. In both countries, the introduction of the euro was accompanied by concerns about price increases.