Rate of exchange of conversion of foreign currency into indian curren

Discussion in 'Economy & Infrastructure' started by blank_quest, Nov 17, 2012.

  1. blank_quest

    blank_quest Senior Member Senior Member

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    It appears your Web browser is not configured to display PDF files. No worries, just click here to download the PDF file.

    .:rolleyes: Is Quota , Permit ,License Raj sneaking again into Indian Economy? :laugh:
     
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  3. sob

    sob Moderator Moderator

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    Re: Rate of exchange of conversion of foreign currency into indian cu

    This rate fixing is done by the Government as a procedural issue. The Forex rate keeps on changing minute to minute and the Import/Export Duties cannot be calculated on such a volatile variable.

    So to ease the issue and make things uniform the Govt. fixes the rate once every month.
     
  4. blank_quest

    blank_quest Senior Member Senior Member

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    Re: Rate of exchange of conversion of foreign currency into indian cu

    so it is just rate indicator and not the "reigning-in" of currency rate artificially :rolleyes:
     
  5. sob

    sob Moderator Moderator

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    Re: Rate of exchange of conversion of foreign currency into indian cu

    Yes, today the Government cannot adjust the rate of the Rs. Only the Chinese have that kind of exchange reserves and positive inflow of FX to be able to do this.
     

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