• Reserve bank of India

• Reserve bank of India, scheduled commercial banks and corporative banks are participants in money market. RBI conducts its monitory and liquidity management in money market. As debt manager of government RBI issues calendar & conduct the auction for T-bills.
• Scheduled banks as banking company, permitted to buy and sell government securities in money market.
• Bank also acts as intermediator for foreign transaction for Indian companies in term money market.
• RBI making significant efforts to improve term money market with the help of Monetary policy.
• In CBLO and Market repo of short term instruments, mutual funds and corporates are major lenders and banks and primary dealers (PDs) are major borrowers.
• A well develop term money market yield would help to facilitates derivative market, integration of foreign and currency market.

x

Hi!
I'm Kerry!

Would you like to get a custom essay? How about receiving a customized one?

Check it out