India uses managed float regime - General Economics & Indian Economy

Q.  India uses -
- Published on 18 Aug 15

a. Floating exchange rate
b. Fixed exchange rate
c. Managed float regime
d. None of the above.

ANSWER: Managed float regime
 
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.

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