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Jan 15, 2018 · Legal tender can be limited or unlimited in character. In India, coins function as limited legal tender. Therefore, 50 paise coins can be offered as legal tender for dues up to ₹ 10 and smaller Foreign exchange reserves in India increased for the 21st straight week to an all-time high of USD 476.09 billion in the week ended February 14th 2020. Foreign currency assets went up to USD 441.95 billion from USD 439.19 billion in the previous week while gold reserves increased to USD 29.12 billion from USD 28.78 billion. Even spot Forex trading in India is yet to find an acceptance by financial authorities as the lawmakers are yet to decide on opening this as an alternative growth sector for self-employment and revenue-generation as the government as well as the people still think of forex as a gambling sector which is strictly prohibited by the Indian laws. Reserve Bank of India, Department of Currency Management, Central Office, Mumbai invites tenders for supply of Supply of Currency Verification and Processing Systems (CVPS). The Bid document is available from July 28, 2017 and can be downloaded from the “Tender” section of our website (www.rbi.org.inLast time and date for ). Jun 20, 2013 · India’s Financial Market. India has a, robust, transport and stable financial market, which has gradually transformed from a highly controlled system to one that, is liberalized. INTRODUCTION OF FOREX MARKET: Foreign exchange market is a form of exchange for global decentralized trading of international currencies.
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