India's exchange rate system today is best described as

a fixed rate pegged to goldCorrect answerYour answera fixed rate set every year by ParliamentCorrect answerYour answerbarterCorrect answerYour answermanaged floatingCorrect answerYour answer

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CorrectNot quiteAnswer D

Correct answer: D

Since 1993 the rupee's value has been set in the market, with the RBI stepping in to curb excessive volatility.

Concept: India's system
Typical timeTypical: 70 s
Your timeYours: —

The rule this testsManaged floating

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India's exchange rate system today is best described as

Explanation