Sunday, June 17, 2012

Trading in INR

Nice post out on Ajay Shah's blog on the daily trading in the rupee. Allow me to quote him liberally. He and Vimal Balasubramaniam try to answer four specific questions:

  • How big is the daily trading in the rupee?
  • Where does the rupee stand, in global rankings of currencies?
  • Where does trading take place?
  • Where are we on the onshore versus offshore distinction?
For the answers, head over to his post 'Trading in the rupee: Starting to look like serious numbers'

For the tl;dr version go to the absolute end, where he gives the conclusions. But I recommend reading the entire piece at least once.

Everyone and his aunt wants the same thing: Get our house in order. But the question is, who will do it?