In March 1993, India moved to

a market-determined exchange rate for the rupeeCorrect answerYour answera fixed rate pegged to the US dollarCorrect answerYour answerthe gold standardCorrect answerYour answera ban on buying foreign currencyCorrect answerYour answer

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CorrectNot quiteAnswer A

Correct answer: A

After a brief dual-rate system in 1992, the rupee's rate was unified and left to the market in March 1993, with RBI intervention.

Concept: India's move to a market rate
Typical timeTypical: 70 s
Your timeYours: —

The rule this testsManaged floating

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In March 1993, India moved to

Explanation