Question

Explain various reforms introduced in indian money market.

Answer 1

With effect from may 1,1989, the RBI deregulated money market interest rates which proved to be significant step. ... In treasury bill market, in 1992-93 it was decided to introduce 364 days treasury bills. Certificate of deposits were introduced in Indian Money Market in 1988-99.

Answer 2

Answer: Reforms in Indian money market

Explanation: #Deregulation of interest rates.

#Introduction of new money market instruments.

#Repos.

#MMMF's.

#Electronic transactions.