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RBI should not fall into the fallacious argument of rate hikes to support the currency. Fedai is a self-regulatory body and is incorporated under Section 25 of The Companies Act, 1956. The RBIs foreign currency assets and liabilities are revalued using. The RBI reference exchange rate is different from the rates of the future rates ( link ) on the stock exchanges or over the counter segments. The RBI reference rates fixed for any working day is published on the RBI website ( link ). The facts and opinions expressed here do not reflect the views.).
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You're Reading a Free Preview, pages 4 to 25 are not shown in this preview. However, when inflation is well under control, it is the best time for the currency to weaken, as the economy can absorb the inflationary pressures due to a weak currency. For this RBI identifies banks on the basis of their standing, market-share in the domestic foreign exchange market and few other representative characters. Latest in Money Banking. In the section below, click on USD, GBP, EUR or JPY to get the RBI Reference Rate for these currencies. RBI reference rate and currency exchange rate in India. Buy the Full Version, you're Reading a Free Preview, pages 29 to 44 are not shown in this preview. We need the economy to grow strongly today, and as such, the MPC needs to stay put while being watchful of external circumstances. It was established in 1958 as an Association of banks dealing in foreign exchange.
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