The foreign trade leads to foreign exchange

The foreign exchange stock include foreign currency assets, balances kept abroad, instruments payable in foreign currency and instruments drawn abroad but payable in Indian currency.

In exchange rate system, the foreign currencies are commodities having prices, which can be bought or sold to settle transactions between parties.

In India Foreign Exchange governed by FEMA 1999.

FEMA stared from 1st June 2000.

In India, Exchange control is exercised by RBI & trade control is exercised by DGFT

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Disclaimer : I am not a financial Advisor this Video is for Educational Purpose only.

This video is for educational purpose only and there are no buy or sell trade and investment recommendations here. Me and my channel will not be responsible for any profit or loss. Consult your financial advisor before any investment or trades.
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