What do you mean by Managed Floating ?
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Managed float regime is the current international financial environment in which exchange rates fluctuate from day to day, but central banks attempt to influence their countries' exchange rates by buying and selling currencies to maintain a certain range.
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Managed floating refers to managing the float rate of exchange by the central bank by way of sale and purchase of foreign exchange in the international money market . It is also called ' Dirty Floating '
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