Who manages exchange rate of our national currency?
The central bank manages exchange-rate policy; in India this role belongs to the Reserve Bank of India. Intervention to manage volatility is distinct from commercial banks’…
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Who manages exchange rate of our national currency?
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Correct answer A
The central bank manages exchange-rate policy; in India this role belongs to the Reserve Bank of India. Intervention to manage volatility is distinct from commercial banks’ routine foreign-exchange transactions.
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RPSC School Lecturer (School Education)