As a result of various measures, the Indian foreign exchange market has evolved into a relatively mature market over a period of time with increase in depth and liquidity. The turnover in the market has increased over the years. With the gradual opening up of the capital account, the forward premia are getting increasingly aligned with the interest rate differential.
All the stakeholders must also ensure that people are resilient against the risks they will be likely exposed to. Indian Perspective 14. I would like to take this opportunity to share the Indian perspective.