is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. After reading this article you will learn about:. A fall in the price of foreign exchange or a fall in the price of dollar in terms of rupee (i.e., dollar depreciates) means that foreign goods are now more cheaper. In other words, external value of the rupee rises.
Foreign exchange quote meaning
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For instance, US0.0253 per Indian rupee is an indirect" in India. It has a customer base in 208 countries, serving 8,332 live users with an average daily traffic of 13,976,699 messages. Meaning: If a Kashmiri shawlmaker sells his goods to a buyer in Kanyakumari, he will receive in terms of Indian rupee. In other words, Indians demand or buy dollars by paying rupee in the foreign exchange market. Advertisements: Not all exchange rates but about 150 currencies are"d, since no significant foreign exchange market exists for all currencies.