RBI report on currency and finance
According to the Reserve Bank of India's annual report on currency and finance for 2005-06, released on 31 May, "it is imperative that the financial markets are developed further," if the risks of financial integration are to be mitigated.
The RBI stressed the need for enhanced co-operation among various regulatory authorities as being important for effective corrective action in an increasingly integrated environment.
"Further, it is necessary to establish further linkages amongst the various
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