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Q: India earns the maximum foreign exchange through export of?
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What is Foreign documentary bill purchase?

A foreign documentary bill purchase is also known as a foreign bill negotiation. It is simply an advance by your bank that helps manage your foreign exchange risk in an export contract.


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Generally, the functions of the world's major foreign exchange markets are to accommodate and determine an exchange rate, which is determined through the basic principles of supply and demand. An exchange rate is essential for a economy due to the potential of economic growth that resides with exports and imports. International trade, foreign investment, the demand for a country's dollars buy exporting firms in the same country (export services as well) and employment are factors needing an exchange rate which allows the above to positively influence an economy.


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What is the importance of exchange rate for businesses such as hotels that rely on foreign tourists?

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Does Foreign Direct Investment provide positive impact to developing country?

Yes,fdi making impact in developing countries.it gives more jobs to the host countries. Foreign exchange will take place. Host countries export also will increase.