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Objectives of Foreign Exchange Law
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What is the primary objective of the Foreign Exchange Law in India?
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A
To regulate the flow of foreign exchange in and out of the country
💡 Explanation:
The primary objective of the Foreign Exchange Law in India is to regulate the flow of foreign exchange in and out of the country. This is done through a system of controls and regulations that are designed to ensure that the country's foreign exchange reserves are used in a manner that is consistent with its economic and financial policies.