Social Sciences, asked by komalkeralikar, 1 year ago

what are foreign exchange reforms

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Answered by mrmadhava9
3

In 1991, the first important reform in the external sector was done in the area of foreign exchange, in order to quell the crisis of the balance of payments, the rupee was devalued against foreign currency. ... Nowadays, the market demand and supply determines the value of rupee.

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