Foreign Exchange Market In India
The rupee's exchange rate: A Brief History
India is a founder member of the IMF. During the existence of a fixed exchange rate system, currency intervention by the Reserve Bank was the British pound and the RBI provide maintenance of the exchange rate by selling and buying pounds rupees against the fixed exchange rate. Interbank rate because judgments within the group RBI. During the fixed exchange rate era, there was only one major change in the parity-rupee devaluation in June1996.
Monday, May 23, 2011
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