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India followed a 'fixed exchange rate' system till the economic crisis of 1991.At present India is following 'floating exchange rate'following link will help you to understand:(http://indianblogger.com/foreign-exchange-rate-determination-in-india/)thank you
The Zimbabwean has the highest foreign exchange rate.
Foreign exchange rates are currency exchange value of other countries.
The advantages of floating exchange rates are: Flexibility and automatic adjustment, Flexibility in determining interest rates, Greater insulation from other countriesâ?? economic problems, Lower foreign exchange reserves.
The foreign exchange rate is also known as the exchange rate. This is defined as the difference between two currencies.
India holds ninth position in terms of foreign-exchange reserves as of may 2012.
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$ 302.6 billion as of March 2011
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Foreign exchange market is a market where foreign exchange currency problems are resolved in international trade. Where as Money market is for the lending and borrowing of short term loans.
indian stock exchange suffers from poor liquidity
India followed a 'fixed exchange rate' system till the economic crisis of 1991.At present India is following 'floating exchange rate'following link will help you to understand:(http://indianblogger.com/foreign-exchange-rate-determination-in-india/)thank you
Most banks in India will exchange Rupees. Some foreign banks and money changers will also exchange.
The Zimbabwean has the highest foreign exchange rate.
1.Petroleum 2.Tourism
Foreign Exchange is Exchange between two currency.
Can any one tell me what is the process to get a RBI license for setting up a small Money Exchange to buy and sell foreign exchange.