InvestorQ : How are forex rates for currency pairs decided?
rhea Babu made post

How are forex rates for currency pairs decided?

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Niraja Mehta answered.
2 years ago
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Like in any market, the actual market value is determined by the forces of demand and supply. But when trading commences for the day, the traders will use the RBI reference rate as the base. Then the movement will be based on the demand and supply of currency.

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