Economics · Economic Reforms
Under the financial and external sector reforms in India, what were authorized dealers in the foreign exchange market permitted to do?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Ban derivative products for asset-liability management
- 2Control foreign currency-rupee exchange rates independently
- 3Initiate trading positions, borrow, and invest in overseas markets✓
- 4Restrict all foreign currency transactions
Correct answer
Initiate trading positions, borrow, and invest in overseas markets
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