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.
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.
Hudaibiyah khan said:
1 decade ago
Currency intervention is the purchase or the sale of the currency on the exchange market by the fiscal authority or the monetary authority, in order to influence the value of the domestic currency.
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)
Laxman said:
1 decade ago
What type of influence it had on domestic currency and why it was introduced and why it was broken?
Priyanshu said:
1 decade ago
Authority used to intervene exchange market in-order to control market uncertinity.
Sourav Datta said:
1 decade ago
Hi, I can not understand the fact properly. Can anybody please tell me ?
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.
Tony Tuned said:
1 decade ago
Means thereafter it started getting counted against Dollar.
Vinod mehta said:
1 decade ago
Pound sterling is the currency of great briten(U.K.)
Raji said:
1 decade ago
Can anybody throw some light on this topic please?
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