Economy, asked by Yusuf3162, 1 year ago

What is present pegged exchange rate by indian government?

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Answered by harshita3457

0

Since Independence, the exchange rate system in India has transited from a fixed exchange rate regime where the Indian rupee was pegged to the pound sterling on account of historic links with Britain to a basket-peg during the 1970s and 1980s and eventually to the present form of market-determined exchange rate regime since March 1993.

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