Book excerpt: This adaptation has been prepared using the content from a popular textbook written by an expert academic and policy maker to cater the requirements of the new NEP curriculum. India has seen landmark changes in its financial system in recent times, which has transformed the economic scenario of the country in a big way. This edition incorporates these changes in all their complexities yet retains the original focus on the analysis of the principles and practices in the money market, capital market and foreign exchange market of India. This all?inclusive textbook ; covering major concepts, regulations and practices in the working of financial intermediaries, capital market, money market and foreign exchange market ; puts the Indian financial system in the right perspective. The book has been thoroughly revised and includes the latest available data.