What is the role of RBI to fix the managed floating exchange rate?
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Answer:India is having this type of exchange rate system during the extreme fluctuation the central bank and the managed floating exchange rate system intervenes
in the fortunate exchange market objective of this intervention is of minimising the fluctuation is the exchange rate of rupees
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Answer:
But during extreme fluctuations, the central bank under a managed floating exchange rate system (like the RBI) intervenes in the foreign exchange market. Objective of this intervention is to minimise the fluctuation in the exchange rate of rupee.
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