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Mukhopadhyay T. (2009). A study on micro structures in Indian foreign exchange market and the role of Central Bank. Global Academic Society Journal: Social Science Insight, Vol. 2, No. 6, pp. 4-23. ISSN 2029-0365. [www.ScholarArticles.net] Download/print: *.pdf. Author: Tilak Mukhopadhyay, Indira Gandhi Institute of Development Research (IGIDR), India Abstract The present study examines the relevance of macroeconomic