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The foreign exchange market ( forex, FX (pronounced "fix"), or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices.
These foreign-currency deposits are the financial assets of the central banks and monetary authorities that are held in different reserve currencies (e.g., the U.S. dollar, the euro, the pound sterling, the Japanese yen, the Indian rupee, and the Swiss franc) and which are used to back its liabilities (e.g., the local currency issued and the ...
The percentages above represent the proportion of all trades involving a given currency, regardless of which side of the transaction it is on. For example, the US dollar is bought or sold in 88% of all currency trades, while the euro is bought or sold in 31% of all trades.
The following list sorts countries by the total market capitalization of all domestic companies [clarification needed] listed in the country, according to data from the World Bank. Market capitalization, commonly called market cap, is the market value of a publicly traded company's outstanding shares. [1]
India's total foreign exchange (forex) reserves stand at around US$ 598.89 billion on 08 sep 2023, with the foreign currency assets (FCA) component at around US$530.691 billion, gold reserves at around US$44.939 billion, special drawing rights (SDRs) with the International Monetary Fund (IMF) of around US$18.195 billion and around US$5.073 ...
The G10 currencies are ten of the most heavily traded currencies in the world, which are also ten of the world's most liquid currencies. Traders regularly buy and sell them in an open market with minimal impact on their own international exchange rates. The origin of the term G10 currencies is not clear, however it may be derived from the G10 ...
Officially, the Indian rupee has a market-determined exchange rate. However, the Reserve Bank of India trades actively in the USD/INR currency market to impact effective exchange rates. Thus, the currency regime in place for the Indian rupee with respect to the US dollar is a de facto controlled exchange rate.
India is the world's second largest arms importer; between 2016 and 2020, it accounted for 9.5% of the total global arms imports. [271] India exported military hardware worth ₹ 159.2 billion (US$1.9 billion) in the financial year 2022–23, the highest ever and a notable tenfold increase since 2016–17. [272]