The Indian foreign exchange market is predominantly transaction based, and corporate purchases and sales of foreign currency are based on an underlying position. An underlying position is the need to buy foreign exchange to meet an overseas commitment, or the need to sell foreign exchange because of receipts of foreign currency. All foreign exchange transactions of Government of India are [...]
Foreign exchange in India has been regulated in one form or the other since Independence. The Foreign Exchange Regulation Act (1947) was enacted as a temporary measure to deal with an acute foreign exchange crunch in the post-World War II period. Since the foreign exchange position continued to remain precarious, this temporary measure was made permanent in 1957. In 1973, [...]
Here is an essay on ‘Foreign Exchange Rate’ for class 11 and 12. Find paragraphs, long and short essays on ‘Foreign Exchange Rate’ especially written for school and college students. Essay Contents: Essay on the Introduction to Foreign Exchange Rate Essay on the Foreign Exchange Quote Essay on the Types of Foreign Exchange Rates Essay on the Relationship between the [...]