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.
The Foreign Exchange Dealers' Association of India (FEDAI) plays a crucial role in the foreign exchange market by establishing guidelines and best practices for forex transactions among its member banks and financial institutions. It aims to promote a fair and transparent foreign exchange market in India, facilitating efficient trading and settlement processes. Additionally, FEDAI provides training and resources to enhance the skills of forex professionals and works to represent the interests of its members in policy discussions with regulatory authorities.
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.
India holds ninth position in terms of foreign-exchange reserves as of may 2012.
FERA stands for the Foreign Exchange Regulation Act, which was enacted in India in 1973 to regulate foreign exchange transactions and maintain the country's foreign exchange reserves. FEMA, or the Foreign Exchange Management Act, replaced FERA in 1999, aiming to facilitate external trade and payments while promoting the orderly development and maintenance of the foreign exchange market in India.
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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.