1. Foreign Exchange
They may also buy or sell currencies with a view to speculate or trade in currencies to the extent permitted by the exchange control regulations.( In India corporates can take exposures in foreign currency only if they are exposed to genuine risk on account of foreign rate movement viz. they can't take exposures for speculative purposes) • Commercial Banks which exchange currencies to meet client requirements viz travel, dividend, remittances, capital remittances, loan remittances etc. they may operate on its own. ...
- Word Count: 10026
- Approx Pages: 40
- Grade Level: High School