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The foreign exchange market is an over-the-counter market where currencies are bought and sold, primarily among banks and brokers, with significant centers in India including Mumbai and Delhi. It operates 24 hours a day across different time zones, with a daily turnover exceeding USD 2 trillion, making it the largest financial market globally. Key participants include corporates, commercial banks, exchange brokers, and central banks, with transactions facilitated through advanced telecommunications systems

Author

bretprincipal

Language

EN