Press release
Foreign Exchange Market in India is Estimated To Grow at (CAGR) of 10.20% by 2028
India Foreign Exchange Market Report 2023
The India foreign exchange market is projected to exhibit a growth rate (CAGR) of 10.20% during 2023-2028
What is Foreign Exchange?
Foreign exchange (FX), also known as forex, is the global marketplace where currencies are traded. It serves as the backbone of international trade and investment, which facilitates the exchange of one currency for another. It enables businesses, governments, and individuals to convert their local currencies into foreign currencies, which allows them to engage in cross border transactions. It is a decentralized market with no physical location, where participants such as banks, financial institutions, corporations, and individual traders interact electronically. It allows companies to manage risks associated with currency fluctuations and provides a means for governments to influence their economies through monetary policy. It is used in maintaining stable global financial systems and enabling efficient international trade.
Request for a free sample copy of this report: https://www.imarcgroup.com/india-foreign-exchange-market/requestsample
What are the growth prospects and trends in the industry?
Considerable growth in the travel and tourism sector and the increasing travel and tourism activities represent one of the primary factors driving the demand for FX in India. Moreover, the rising international trade activities are catalyzing the demand for FX in the country as it offers minimal trading costs, high liquidity and transactional transparency, 24x7 trading opportunities, and vast trading volume. Along with this, the expanding number of open trade accounts and the growing cross border trade activities is influencing the market positively in the country. In addition, there is a rise in the integration of artificial intelligence (AI), the internet of things (IoT), data analytics, and cloud-based solutions to improve trading tools, enhance transaction speed, and provide real-time order execution in FX. These advancements offer real time quotes, charts, and execution of trades, which allows individuals and institutions to trade currencies from anywhere in the world. They also provide a user-friendly interface, which makes forex trading accessible even to those with limited technical knowledge. Along with this, the incorporation of blockchain technology in FX to reduce settlement times and enhance transparency in currency transactions is strengthening the growth of the market in the country. The growth can also be attributed to rapid digitization, a considerable reliance on smartphones, the growing penetration of high speed internet connectivity, and the increasing influence of social media in the country. Apart from this, the advent of automated conversion systems that offer improved flexibility and convenience during currency exchanges is propelling the growth of the market in the country. It also includes monthly fees, conversion fees, and interest payments, where the cash is deducted automatically from the account linked to the platform. Furthermore, leading players are focusing on improving the overall infrastructure to provide enhanced security solutions for trading.
E๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐ญ๐ก๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐๐ก๐๐ซ๐ญ๐ฌ, ๐๐๐๐ฅ๐ ๐จ๐ ๐๐จ๐ง๐ญ๐๐ง๐ญ๐ฌ, ๐๐ง๐ ๐๐ข๐ฌ๐ญ ๐จ๐ ๐ ๐ข๐ ๐ฎ๐ซ๐๐ฌ: https://www.imarcgroup.com/india-foreign-exchange-market
What is included in market segmentation?
The report has segmented the market into the following categories:
Counterparty Insights:
โข Reporting Dealers
โข Other Financial Institutions
โข Non-financial Customers
Type Insights:
โข Currency Swap
โข Outright Forward and FX Swaps
โข FX Options
Regional Insights:
โข South India
โข North India
โข West & Central India
โข East India
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the market.
Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
Browse Latest Research Reports 2023-2028:
โข https://www.benzinga.com/pressreleases/23/07/33263860/india-iot-connectivity-market-size-competitive-analysis-forecast-report-2023-2028
โข https://www.benzinga.com/pressreleases/23/07/33263857/india-fantasy-sports-market-size-top-companies-growth-statistics-report-2023-2028
โข https://www.benzinga.com/pressreleases/23/07/33263864/india-carbon-black-market-size-price-trends-in-depth-report-2023-2028
โข https://www.benzinga.com/pressreleases/23/07/33265053/india-cloud-kitchen-market-share-top-companies-forecast-2023-2028
โข https://www.benzinga.com/pressreleases/23/07/33265048/europe-e-invoicing-market-size-worth-us-3-6-billion-by-2028-industry-forecast-report
โข https://www.benzinga.com/pressreleases/23/07/33265052/europe-self-storage-market-size-industry-report-2023-2028
Contact US
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Email: sales@imarcgroup.com
Follow us on Twitter: @imarcglobal
LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Foreign Exchange Market in India is Estimated To Grow at (CAGR) of 10.20% by 2028 here
News-ID: 3176841 • Views: โฆ
More Releases from IMARC Group
Automotive Control Cables Manufacturing Plant Setup Report 2025: Machinery, Raw โฆ
Automotive control cables are essential components used to transmit mechanical force in vehicles, enabling the smooth operation of various systems such as brakes, clutches, accelerators, gear shifts, and seating mechanisms. These cables are designed for durability, flexibility, and high performance under diverse driving conditions. Their demand is directly linked to the growth of the automotive industry, aftermarket sales, and increasing consumer preference for enhanced driving comfort and safety.
Setting up anโฆ
Halal Cosmetics Market Size, Trends, Key Players, Opportunity and Forecast 2025- โฆ
IMARC Group, a leading market research company, has recently released a report titled "Halal Cosmetics Market Size, Share, Trends and Forecast by Type, Distribution Channel, and Region, 2025-2033." The study provides a detailed analysis of the industry, including the global halal cosmetics market size, trends, share and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Halal Cosmetics Market Highlights:
โข Halal Cosmetics Marketโฆ
Comprehensive Castor Oil Processing Plant Project Report 2025: Setup Guide, Econ โฆ
Castor oil is a versatile vegetable oil extracted from the seeds of the Ricinus communis plant. It is widely used in pharmaceuticals, cosmetics, food processing, lubricants, paints, coatings, and biodiesel production owing to its unique chemical properties, including high ricinoleic acid content. Castor oil derivatives also serve as key raw materials in the polymer, chemical, and industrial sectors.
Establishing a castor oil processing plant involves steps such as seed cleaning, dehulling,โฆ
Honey Processing Plant Report 2025: Capital Investment, Operating Expenses and M โฆ
Honey is a natural sweetener produced by honeybees and is valued for its nutritional, medicinal, and industrial applications. It contains antioxidants, enzymes, vitamins, and minerals that make it a popular ingredient in food and beverages, pharmaceuticals, cosmetics, and personal care products. Processed honey is widely consumed as a sweetener, used in bakery and confectionery items, beverages, dietary supplements, and skincare formulations.
Setting up a honey processing plant involves operations such asโฆ
More Releases for India
Ayurvedic Service Market is Flourishing Like Never Before | Patanjali Ayurved Li โฆ
RnM newly added a research report on the Ayurvedic Service market, which represents a study for the period from 2020 to 2026.
The research study provides a near look at the market scenario and dynamics impacting its growth. This report highlights the crucial developments along with other events happening in the market which are marking on the growth and opening doors for future growth in the coming years. Additionally, theโฆ
Pasta Market Report 2019 Companies included Bambino (India), Nestle (USA), Field โฆ
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2019 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2019 to 2025, etc. The report also provides detailed segmentation on theโฆ
Pasta Market Report 2018 Companies included Bambino (India), Nestle (USA), Field โฆ
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentation on theโฆ
Interior Designers India, Designers and Architects India, Interior Design Consul โฆ
Synergy Corporate Interiors Pvt. Ltd. are offer Designers and Architects India Our architects, designers are working an national and international client base. The final design output is then integrated with the various technical and engineering aspects and taken into production. The expression is also individualistic, based on the communication of the correct corporate identity. Our designers, engineers and architects perform any plan successfully combine handy knowledge with creative ideas intoโฆ
Domain Registration India, Web Hosting India, VPS Hosting India , SSL Certificat โฆ
All the Domain Registration services are at affordable price and assure you for the 100% quality.
India Internet offers cheap domain name registration for many domain extensions available. We are a full-service web site solutions provider. We offer a full range of web services including domain registration India, Web Hosting India, Web design, SEO marketing and etc.
We offer different standard and different Windows .NET low-cost, full-featured, all-inclusive web hosting and domainโฆ
Domain Registration India, Web Hosting India, Payment Gateway India
Indiainternet.in is a Quality Web Hosting Company India, provide all web related support and Web hosting services like linux web hosting, windows web hosting, web hosting packages, domain registration in india, Corporate email solution, business email hosting, payment gateway integration, SSL with supports like free php, cgi, asp, free msaccess, free cdonts, free webmail, web based control panel, unlimited ftp access, unlimited data transfer.
During the domain registration process, you willโฆ
