Foreign exchange in India has been regulated in one form or the other since Independence. The Foreign Exchange Regulation Act (1947) was enacted as a temporary measure to deal with an acute foreign exchange crunch in the post-World War II period. Since the foreign exchange position continued to remain precarious, this temporary measure was made permanent in 1957. In 1973, [...]
Here is an essay on ‘Foreign Exchange Market’ for class 11 and 12. Find paragraphs, long and short essays on ‘Foreign Exchange Market’ especially written for school and college students. Essay Contents: Essay on the Regulation of Foreign Exchange Market Essay on the Nominal Effective Exchange Rate (NEER) of Foreign Exchange Market Essay on the Currency Devolution and Depreciation in [...]
A derivative is an instrument that derives its value from an underlying asset. The Foreign Exchange Management (Foreign Exchange Derivatives Contracts) Regulations 2000 defines a foreign exchange derivatives contract as a financial transaction or arrangement in whatever form or name, whose value is derived from price movement in one or more underlying assets and includes: i. A transaction which involves [...]