Monday, October 29, 2007

Bond market deepening has fallen behind: FM

MUMBAI: Finance Minister Palaniappan Chidambaram said on Monday the country had fallen behind in deepening the local bond market.

"We have fallen behind in deepening and broadening the bond market. Trading volumes are insignificant and we are aware the clearing mechanisms are not as efficient as they should be. We recognise these problems and are addressing them," the finance minister said at an Indo-US business conference in Mumbai.

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