Economics · Foreign Exchange Market
Under the current managed float system, how is the daily exchange rate of the Indian Rupee primarily determined?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1By the NITI Aayog based on economic targets
- 2By market forces of demand and supply for foreign exchange✓
- 3Set daily by the Ministry of Finance
- 4Fixed unilaterally by the Reserve Bank of India
Correct answer
By market forces of demand and supply for foreign exchange
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