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The foreign exchange market is a global decentralized or over-the-counter (OTC) market for the Because of the sovereignty issue when involving two currencies, Forex has Brokers serve as an agent of the customer in the broader FX market, by seeking the best price in the market for a retail order and dealing on behalf 22 Jun 2017 There is only one rate that the traveller needs to determine for foreign currency exchange in india, and that is the Inter-bank rate (IBR). All other
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