RBI deputy targets ‘more vibrant’ FX market
Harun Khan says Indian foreign exchange market has ‘come a long way’
Harun Khan, a deputy governor at the Reserve Bank of India (RBI), called for the Indian foreign exchange market to be made "broader, deeper and more vibrant" in a speech last week.
Speaking on October 4, at a conference organised by the Forex Association of India, Khan said the FX market had "come a long way in terms of variety of instruments, participants and the overall market turnover".
Nonetheless, he flagged a range of concerns about the development of the market, and argued "more needs to
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