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Jul 10, 2010 · Types of Buying Rates in Foreign Exchange Markets In a purchase transaction the bank acquires foreign exchange from the customer and pays him in Indian rupees. Some of the purchase transactions result in the bank acquiring foreign exchange immediately, while some involve delay in the acquisition of foreign exchange. Exchange Rate Definition - Investopedia Exchange Rate: An exchange rate is the price of a nation’s currency in terms of another currency. Thus, an exchange rate has two components, the domestic currency and a foreign currency, and can

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