Secondary money market

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The secondary market is provided by Discount and Finance House of India Limited (DFHI) a subsidiary of RBI. It provides a two-way quotation, one for purchasing money market instruments and another for selling money market instruments. For example, a holder of Treasury bill of Government of India can sell it to DFHI and anyone wants to purchase treasury bills, he can approach DFHI who can sell it to him. There is no secondary market for call money or notice money market.

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