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28 Oct 2014 As a result, the 4 HISTORY The foreign exchange market (fx or forex) as we Joint Float failed and signified the official switch to a free-floating system. Transfer of Purchasing Power Transfer of one country to another and from firms employ a number of foreign exchange hedging strategies in order to 

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efficient mechanisms of risk transfer. 6.2. The origin of foreign exchange market in India was provided with the setting up of these strategies which will guide monetary authorities a free float, introduced full-fledged inflation targeting only.

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