Evaluate the developments in the forex market in india
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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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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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