Finance
This query is : Resolved
12 February 2016
What is pegged foreign currency exchange???
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.
13 February 2016
Thank you Nikhil, so you mean pegged fx rates are regulated by apex authority for e.g. RBI????
13 February 2016
yes. but in Indian context RBI no more controls FX rates. It was deregulated long ago.
13 February 2016
Thank you very much Nikhil
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