Any act of interference by a Central Bank like the RBI in influencing the exchange rate is referred to as which of the following in India?

CA Foundation · Business Economics · MTP · June 2024
Any act of interference by a Central Bank like the RBI in influencing the exchange rate is referred to as which of the following in India?
(A) A. Dirty Floats
(B) B. Managed Floats
(C) C. Fixed Floats
(D) D. Market Stabilization Floats

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. Managed Floats

Topics: International Trade

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