India to set up ‘foreign exchange swap fund’ to help boost economy

India will set up a foreign exchange swap funds (FETS) to provide relief to its financial sector after a prolonged global financial crisis, a finance ministry official said on Thursday.The foreign exchange fund (FET) is likely to be a key plank of the government’s efforts to boost growth and jobs as the economy has been […]

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How to spot a foreign exchange dealer

Foreign exchange dealers, or FX dealers, are people who trade in foreign currencies and currencies other than the U.S. dollar, according to the U,S.Treasury Department.The government lists foreign exchange dealers as foreign-exchange traders, which means they use the currency in exchange for goods and services.The term “foreign exchange trader” is often used interchangeably with “broker.”The […]

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