Central Banking

RBI launches bond market shake-up

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Reforming bond markets was a major goal for Raghuram Rajan

The Reserve Bank of India (RBI) unveiled a raft of measures designed to improve the functioning of India's bond markets today (August 25).

Developing financial markets in India was a priority for RBI governor Raghuram Rajan when he took office in 2013. The working group that was formed to take that work forward reported back earlier this month, giving the RBI time to announce reforms just before Rajan's term ends, on September 4.

The measures seek to develop bond markets in India, increase

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