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RBI’s Intervention in Foreign Exchange Markets for Growth Support

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RBI ESINABARD ESISEBI
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Context:

Reserve Bank of India is in a supportive mood and accepts rupee depreciation to grab the growth cycle.

The Foreign Exchange Market

The foreign exchange market is a global decentralized OTC market for currency trading, determining foreign exchange rates for each currency. It encompasses buying, selling, and exchanging currencies at current prices, making it the largest trading market globally, following the credit market.

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