Plz answer quickly ...How does unilateral transfers from abroad leads to inflow of foreign currency in india if they give donations with respect to indian rupee? Explain
Dear student,
when an economy receives donation from abroad it brings in foreign exchange which is in turn converted to Indian currency hence it leads to inflow of foreign currency
Regards
when an economy receives donation from abroad it brings in foreign exchange which is in turn converted to Indian currency hence it leads to inflow of foreign currency
Regards