Indian IT Companies and Forex Risk Management

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Foreign exchange refers to the exchange on one currency onto another currency and foreign exchange risk implies the variability in the value that takes place with fluctuations in the exchange rate due to change in demand & supply, intrest rate, inflation, GDP, balance of trade, unemployment, war, speculation, capital movement & political situation.

As regards the determination of foreign exchange rate in india, Reserve bank of india used to determine the exchange rate of rupee into sterling pound