What do you mean by indian money market and what are its defects how can we improve their effects defects?
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Definition of 'Money Market' Definition: Money market basically refers to a section of the financial market where financial instruments with high liquidity and short-term maturities are traded. ... Over-the-counter trading is done in the money market and it is a wholesale process.
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The main shortcomings of Indian money market are as follows:
Absence of Coordination: ...
Absence of Developed Bill Market: ...
Shortage of Funds in Money Market: ...
Seasonal Stringency of Funds: ...
Lack of Uniformity in Interest Rates: ...
Underdeveloped Banking Habits: ...
Dominance of Indigenous Bankers:
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