17 March 2010
Foreign Exchange Market in India works under the central government in India and executes wide powers to control transactions in foreign exchange.
The Foreign Exchange Management Act, 1999 or FEMA regulates the whole foreign exchange market in India.
17 March 2010
In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs, is a regulator for exchange rate for import in and export from India.
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