State any three sources of supply of foreign exchange.
State any three sources of supply of foreign exchange.
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(i) Exporters
(ii) Foreign investors
(iii) Foreign tourists etc.
Detailed Answer:
Following factors contribute to the flow of foreign exchange into the country:
(i) Purchases of domestic goods by the foreigners.
(ii) Direct foreign investment as well as portfolio investment in home country.
(iii) Speculative purchases of foreign exchange.
(iv) Transfer of foreign exchange by the residents of the country abroad.
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