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?