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Last updated: 21 Aug, 2024  
SME Glossary
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Glossary of Export Import Trade Terms Starting with - J
Words   Description
Joint Venture An agreement of two or more companies to pool their resources to execute a well-defined mission. Resource commitments, responsibilities, and earnings are shared according to a predetermined contractual formula.
Just In Time (JIT) An organization-wide practice that keeps the inventory to the minimum and provides customers the right goods or service at the right time.
 
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  Customs Exchange Rates
Currency Import Export
US Dollar
₹84.00
₹82.25
UK Pound
₹104.65
₹108.10
Euro
₹92.50
₹89.35
Japanese Yen ₹56.10 ₹54.40
As on 25 Jul, 2025
  Daily Poll
Who do you think will benefit more from the India - UK FTA in the long run?
 Indian businesses & consumers.
 UK businesses & consumers.
 Both will gain equally.
 The impact will be negligible for both.
  Commented Stories
 
 
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