Finance
This query is : Resolved
Akhilesh Mishra
(Querist)
12 February 2016
What is pegged foreign currency exchange???
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.
Akhilesh Mishra
(Querist)
13 February 2016
Thank you Nikhil, so you mean pegged fx rates are regulated by apex authority for e.g. RBI????
Nikhil Kaushik
(Expert)
13 February 2016
yes. but in Indian context RBI no more controls FX rates. It was deregulated long ago.
Akhilesh Mishra
(Querist)
13 February 2016
Thank you very much Nikhil
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- Intimation under section 245
- GST input credit on commercial property
- Gift to nri relatives residing in usa
- ETDS return q4 25-26
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
