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- Title
A Study on Indian Money Market.
- Authors
Ahmad, Saleem
- Abstract
Money market consists of financial institutions and dealers in money or credit who wish to generate liquidity. It is better known as a place where large institutions and government manage their short term cash needs. For generation of liquidity, short term borrowing and lending is done by these financial institutions and dealers. Money Market is part of financial market where instruments with high liquidity and very short term maturities are traded. Due to highly liquid nature of securities and their short term maturities, money market is treated as a safe place. Hence, money market is a market where short term obligations such as treasury bills, commercial papers and bankers acceptances are bought and sold. The money market is a key component of the financial system as it is the fulcrum of monetary operations conducted by the central bank in its pursuit of monetary policy objectives. It is a market for short-term funds with maturity ranging from overnight to one year and includes financial instruments that are deemed to be close substitutes of money.
- Subjects
INDIA; MONEY market; LIQUIDITY (Economics); FINANCIAL institutions; MONETARY policy
- Publication
International Journal of Business & Engineering Research, 2018, Vol 11, p1
- ISSN
0975-0479
- Publication type
Article