Forex Trading

India's Forex Reserves

India’s Forex Reserves Witness a Minor Dip, Now at $594.86 Billion: What’s Behind the Numbers?

During the week prior to the current reporting period, the total reserves had decreased by $7.273 billion, reaching a level of $594.888 billion. Mumbai: India’s foreign exchange reserves decreased by $30 million to $594.858 billion for the week ending on August 25, as reported by the Reserve Bank on Friday. In the preceding reporting week, […]

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Forex Trading

What Is Forex Trading? A Beginner’s Guide to Understanding the Foreign Exchange Market

Forex stands for “foreign exchange,” which is a combination of the words “foreign” and “exchange.” Foreign exchange is the process of exchanging one currency for another, usually for business, trade, or travel. In 2022, a report from the Bank for International Settlements, which is a global bank for national central banks, said that the daily

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