Newz Baby|News for the Young at Heart
Dec
03
Filed Under (Finance :: Stocks, Bond & Forex) by admin
India is among the top five countries when it comes to forex reserves. There was a time when the country had to mortgage its gold reserves to the Bank Of England in order to make up for the balance of payments. But within a span of 17 years, the situation has changed. Today, riding on the outsourcing boom, a high paying IT sector, and the new foreign exchange regulation act of India, the India forex trade has become much more liberal. India forex trade has become the biggest component in the country's securities market.
