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    <title>Financial Market Reforms: Approach and Expectations (Address by Shri Shaktikanta Das, Governor, Reserve Bank of India - September 05, 2022 - at FIMMDA annual event, Mumbai)</title>
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    <description>The address sets exchange rate and price stability as central policy goals anchored by the flexible inflation targeting regime, and describes regulatory reforms to deepen markets: benchmark security issuance to concentrate liquidity, sovereign green bond framework, RBI Retail Direct with market making for retail liquidity, RFQ trading enhancements, principle based derivative regimes, and a regulatory framework for market makers in OTC derivatives. It stresses onshore offshore INR market integration, continued two way RBI operations, and expectations that market participants enhance retail service, liquidity provision, risk management and infrastructure.</description>
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