I am interested in learning about the Indian foreign exchange market. I want to understand what it is, how it operates, and its significance in the Indian economy. Could someone provide a comprehensive overview?
The Indian foreign exchange market is a vibrant and dynamic segment of the financial industry.
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SeoulSoulThu Jan 30 2025
It involves the trading of currency pairs, primarily focusing on the Indian rupee against other major global currencies.
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LorenzoThu Jan 30 2025
These include the US dollar, the euro, the British pound, and the Japanese yen, among others.
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SamuraiWarriorSoulfulWed Jan 29 2025
Trading activities in this market take place on prominent stock exchanges such as the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
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ValentinaWed Jan 29 2025
Additionally, a significant portion of the trading is conducted over-the-counter between banks and brokers, providing liquidity and facilitating transactions.