General Knowledge - Indian Economy - Discussion
Discussion Forum : Indian Economy - Indian Economy (Q.No. 13)
13.
The association of the rupee with pound sterling as the intervention currency was broken in
Discussion:
17 comments Page 1 of 2.
Shekhar said:
4 years ago
The pound sterling is the currency of Great Britain (U. K). After 1992, Indian currency was counted against the US Dollar. Hence it is said to have been broken from the Pound sterling.
(1)
Mahendra said:
9 years ago
Please give more details about it.
Tony Tuned said:
1 decade ago
Means thereafter it started getting counted against Dollar.
Sangeeta yadavanshi said:
1 decade ago
Currency was broken mean?
Meena said:
1 decade ago
Central bank intervention in the operations on the currency market in order to raise or lower the rate of the national currency by selling/buying foreign currency. A reduced rate of the national currency can be achieved through the purchase of foreign currency; increased rate is achieved through foreign currency sales.
Ravi sharma said:
1 decade ago
Its same as the pound.
Its the official currency of the United Kingdom.
Its the official currency of the United Kingdom.
Vinod mehta said:
1 decade ago
Pound sterling is the currency of great briten(U.K.)
Sumitk said:
1 decade ago
Please explian it what is pound sterling.
Priyanshu said:
1 decade ago
Authority used to intervene exchange market in-order to control market uncertinity.
Laxman said:
1 decade ago
What type of influence it had on domestic currency and why it was introduced and why it was broken?
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