custodian
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Who is the custodian of India's foreign exchange reserve?
Who is the custodian of India's foreign exchange reserve? Answer is Reserve bank of India.- ngupta
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- custodian exchange foreign india indiaand#039s reserve
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- Forum: General Knowledge (GK)
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Custodian of Foreign Reserves
The Reserve Bank of India has the responsibility to maintain the official rate of exchange. According to the Reserve Bank of India Act of 1934, the Bank was required to buy and sell at fixed rates any amount of sterling in lots of not less than Rs. 10,000. The rate of exchange fixed was Re. 1 =...- sunandaC
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- custodian foreign reserves
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- Forum: Financial Management ( FM )
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CUSTODIAN
WHO IS A CUSTODIAN Custodian is often an independent organisation which takes custody of securities and ensures safekeeping the documentary evidence. The title to the custodian’s property remains vested with the original holder. Custodian is a clearing member but not a trading member...- abhishreshthaa
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- custodian
- Replies: 0
- Forum: Financial Management ( FM )