Economy, asked by PratyakshVyas9314, 1 year ago

Benefits of market mechanism

Answers

Answered by AloneWalkerr
1
With effect from may 1,1989, the RBI deregulated money market interest rates which proved to be significant step. This was done to make interest rate flexible and lend transparency to transactions in the money market. ... Certificate of deposits were introduced in Indian Money Market in 1988-99.
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