Question

What is Role of Reserve Bank of India in foreign exchange market?

Answer 1

$\huge\mathfrak\red{Hello,}$

$\huge\underline{Answer:}$

RBI has an important role to play in regulating & managing Foreign Exchange of the country. It manages forex and gold reserves of the nation. On a given day, the foreign exchange rate reflects the demand for and supply of foreign exchange arising from trade and capital transactions.

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