Chapter 9 - Introduction to India’s FOREX Market
Chapter 9 - Introduction to India’s FOREX Market

Now that we have covered the global Forex market in detail. it is time to focus on the Indian Forex market. In this chapter, we will briefly speak about USD/INR and the three Rupee crosses that are traded in India. That said, the major theme of this chapter is to talk about two things. One is how the two-way quotes of the Rupee crosses are calculated. The other is to talk about how forward/futures rate is derived from the spot rate.

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