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Realisation & Repatriation of Forex – Quiz !

Realisation & Repatriation of Forex

Foreign Exchange Management Act, 1999 provides the regulatory framework for the transactions related to foreign exchange. Foreign Exchange Management (Realization, Repatriation and Surrender of Foreign Exchange) Regulations, 2000 govern the transactions of realization and repatriation of foreign exchange. Amendments are issued by RBI from time to time in order to mitigate the need of the hour. [Foreign Exchange Management (Realization, Repatriation and Surrender of Foreign Exchange) Regulations, (Amendment) 2007]

Since Forex market is a vast market and is endowed with high level of efficiency, the level of risk involved is also very high. To cope with the various aspects of Forex RBI issues circulars for the benefits of the investors. It has covered each and every aspects of a forex transaction.

Repatriation is the process of converting a foreign currency into the currency of one’s own country. The amount that the investor will receive depends on the exchange rate between the two currencies being traded at the settlement time.

 

Here we present you a quiz on the realization and repatriation of foreign exchange to test yourself.

Take This Challenge !

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