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ROLE OF PRIMARY DEALERS IN THE GOVERNMENT SECURITIES MARKET
What is the primary role of Primary Dealers (PDs) in the Government Securities market?
Primary Dealers act as market makers in the Government Securities market, underwriting government borrowings and providing two-way quotes to ensure liquidity and depth in the G-Sec market.
What is the minimum number of standalone Primary Dealers currently authorized by RBI?
RBI has authorized around 6-7 standalone Primary Dealers.
Who regulates Primary Dealers in India?
Primary Dealers in India are regulated by the Reserve Bank of India (RBI), which issues guidelines covering their capital requirements, bidding obligations, and performance standards.
In which year was the Primary Dealer system introduced in India?
The Primary Dealer system was introduced in India in 1995.
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