RBI Forms Panel To Oversee Money, Forex And Bond Markets

RBI forms committee to address emerging financial market challenges

The Reserve Bank of India (RBI) has set up a new Technical Consultative Committee for Financial Markets (TCCFM) to strengthen its engagement with market participants and industry stakeholders. The committee will meet at least once every quarter to discuss these issues and provide inputs to the central bank.

The committee will provide a platform for the RBI to discuss policy-related issues and operational challenges with stakeholders in key financial markets, including money markets, government securities and foreign exchange. It will also cover related derivative markets and financial market infrastructure.

“The Committee will serve as a forum for structured engagement with market participants and stakeholders by the Reserve Bank on policy and operational matters related to money, government securities and foreign exchange markets as well as the respective derivative markets and infrastructure,” RBI said in a press release.

As per the RBI circular, the committee will examine how money, government securities and foreign exchange markets operate, including their efficiency, liquidity and resilience.

It will also identify measures to increase participation, liquidity and the range of products available in these markets.

The committee will examine issues related to the functioning, efficiency, liquidity and…

Original source: https://www.timesnownews.com/business-economy