Finance, Forex and Investments

What are the factors which decide the price of foreign currencies like $, £ or € in the market?

how reserve bank of india decides the price of above currencies in india

Public Comments

1. It is not the Reserve Bank who decides the value of the currencies. These currencies are traded in the Forex exchange, similar to the stocks. RBI publishes and uses the mean value of this trade to be used in all currency related transactions.