India's forex market average daily turnover doubled from USD 32 billion in 2020 to USD 60 billion in 2024

India's foreign exchange (forex) market has grown strongly in recent years, with average daily turnover nearly doubling from USD 32 billion in 2020 to USD 60 billion in 2024. This relevant development was highlighted by Reserve Bank of India (RBI) Governor Sanjay Malhotra during his address at the 24th FIMMDA-PDAI Annual Conference in Bali on Friday (April 18).

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