Economy, asked by RebelStar, 1 year ago

What is the role of RBI to fix the managed floating exchange rate?

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Answers

Answered by shreepraveena036
13

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

Answered by bananimohapatra1108
1

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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