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New Emerging Trends on Money Market in Indian Scenario
The money market is one of the most important segment of the Indian financial system.Money market is a wholesale debt market for low risk highly liquidate short term instrument. This market is dominated mostly by government banks and financial institutions.Money market is the term designed to include the financial institution which handle the purchase, sale,and transfer of short term credit instruments.
Money market plays a vital role in developing the Indian economy it refers lending and borrowing money to banks at short term purpose within one year. Money market regulated by the reserve bank of India and it is providing the money to trade and industry it helps in implementing monetary policy. The most active part of the money market is the market for overnight call and term money between banks and institutions the term short term means generally period up to one year and nearly substitutes to money is used to denote any financial assets which can be quickly converted into money with minimum transaction cost. Money market intermediaries supply only short term funds to individual and corporate customer they consist of commercial banks, co-operative banks. A paper deals with present trend in money market and short term money development of Indian economy.
Keywords
- · Abaruchis, A. T. (1993), “International Financial Markets Integration: An Overview”.
- · Anthony Saunders & Marcia MillonCornett(2001),”Financial Markets and Institutions, A modern Perspective”.
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