Economy, asked by omerfarooq2759, 1 year ago

Evaluate the developments in the forex market in india

Answers

Answered by IshitaJaiswal
0

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developments in the forex market

Rupee-foreign currency swap market for hedging longer term exposure has developed substantially in the last few years. The Indian forex market is predominantly a transaction based market with the existence of underlying forex exposure generally being an essential requirement for market users.

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Answered by gratefuljarette
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The development in the forex market:

  • The foreign currency swap market has evolved dramatically in the last few years to mitigate longer-term exposure. The Indian forex market is primarily a market based on sales, with the presence of the underlying forex exposure being typically an essential requirement for business consumers.
  • The 'Indian forex market' is primarily a market based on sales, with the presence of basic forex exposure being typically an essential need for market users. In India, the RBI authorized banks to conduct intra-day foreign exchange trading in 1978 as the first move.

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