As far as the question of NDF market influencing the domestic market is concerned, as long as the movements in the domestic rates are adequately explained by economic and geo-political factors, the most important of which in recent times have been the capital flows and movements in major currencies, there is no reason to debate the issue further.
The combating of money laundering has assumed an urgent impetus at both national and international levels as a result of the scale that money laundering has begun to assume, especially with respect to the financing of terrorist acts. The efforts being made to combat money laundering are beginning to bear fruits in that it is now taking center stage in all jurisdictions.