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  • International Trade

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    Janvi Koladiya
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    The document discusses foreign exchange rates and how they are determined between countries. Exchange rates show how much one country's currency is worth in terms of another country's currency. When India purchases goods from another country, it must pay in rupees which are converted to the foreign currency at the prevailing exchange rate. The exchange rate between two currencies is determined by foreign exchange markets and reflects the countries' relative inflation rates and economic conditions.

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    The document discusses foreign exchange rates and how they are determined between countries. Exchange rates show how much one country's currency is worth in terms of another country's currency. When India purchases goods from another country, it must pay in rupees which are converted to the foreign currency at the prevailing exchange rate. The exchange rate between two currencies is determined by foreign exchange markets and reflects the countries' relative inflation rates and economic conditions.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    4 views1 page

    International Trade

    Uploaded by

    Janvi Koladiya
    The document discusses foreign exchange rates and how they are determined between countries. Exchange rates show how much one country's currency is worth in terms of another country's currency. When India purchases goods from another country, it must pay in rupees which are converted to the foreign currency at the prevailing exchange rate. The exchange rate between two currencies is determined by foreign exchange markets and reflects the countries' relative inflation rates and economic conditions.

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    © All Rights Reserved
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