Foreign Exchange Market in India To Cross (CAGR) of 10.20% by 2028
How Big is The India Foreign Exchange Market? IMARC Group, a leading market research company, has recently releases report titled “ India Foreign Exchange Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028. ” The India foreign exchange market is projected to exhibit a growth rate (CAGR) of 10.20% during 2023-2028. What is Foreign Exchange? Foreign exchange (FX), also known as forex, is the global marketplace where currencies are traded. It serves as the backbone of international trade and investment, which facilitates the exchange of one currency for another. It enables businesses, governments, and individuals to convert their local currencies into foreign currencies, which allows them to engage in cross border transactions. It is a decentralized market with no physical location, where participants such as banks, financial institutions, corporations, and individual traders interact electronically. It allows companies to manage risks associated with c