Further, banks can hold both rupee as well as foreign currency deposits and can transmit their influence on interest rates as well as on forward premia. displayed 300 characters
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The Indian rupee is still not fully convertible on capital account except for certain transactions carried out by foreign institutional investors, within certain limits, and liberalisation on Investment abroad by Indian Individuals/ companies wherein they can freely convert their foreign currency/rupee
assets into Indian/foreign currency assets by way of investment in Indian/ foreign capital market... displayed next 300 characters
et al, (year?)). Few countries fix the exchange value of their currency to other key currency such as US dollar or the euro. The exchange rate between most currencies is usually determined by market forces of supply and demand...
You would see growth and unemployment rates would go down, the U.S. could begin with a 17 percent personal and business rate, with "generous exemptions on personal income," so that a family of four, for example would pay no tax on the first $46,000 and only 17 percent above that...
Reserve requirements are the percentages of precise kinds of deposits that banks must keep in their vaults or deposit at a Federal Reserve Bank. Banks and other institutions keep a certain amount of funds in reserve to meet unforeseen outflows...
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