Let's say an exporter has received payments for its exported product in dollars. The exporter will go to his local bank and exchange those dollars for rupees. The local bank will go to the RBI (which is India’s Central Bank) and exchange those dollars for rupees. The Central Bank will print an equivalent amount of … Continue reading Explainer: Foreign Exchange Reserves. Also what is pegging of Currency or Fixed Exchange rate.
https://www.youtube.com/watch?v=RieLX3-Uaug&t=23s Basics of Accountancy: Debit and Credit Approach - 1 There were three friends Rancho, Raju and Farhan. They dropped out of engineering college to pursue a business idea. Their idea was to buy T-shirts from wholesalers and sell them on the beaches of Goa to tourists. They estimated that they would require a capital … Continue reading Basics of Accountancy: Debit and Credit Approach – 1