India's forex, money markets have doubled in last 4 years: RBI Governor

India's forex, money markets have doubled in last 4 years: RBI Governor

India's financial markets have developed into a dynamic and resilient force to fuel economic growth with an almost doubling of the foreign exchange market from $32 billion in 2020 to $60 billion in 2024 and the average daily volumes in the overnight money markets surging from about Rs 3 lakh crore to over Rs 5.4 lakh in this four-year period, according to RBI Governor Sanjay Malhotra. Apr 20, 2025