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12 February 2016 What is pegged foreign currency exchange???
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
12 February 2016 pegged FX rates means that the conversion rates will be fixed by the banking regulator and shall not change based on demand and supply in the market. Like China follows pegged rates, whereas India follows market determined rates.
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Akhilesh Mishra

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Akhilesh Mishra (Querist)
13 February 2016 Thank you Nikhil, so you mean pegged fx rates are regulated by apex authority for e.g. RBI????
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
13 February 2016 yes. but in Indian context RBI no more controls FX rates. It was deregulated long ago.
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Akhilesh Mishra

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Akhilesh Mishra (Querist)
13 February 2016 Thank you very much Nikhil
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