Economics · Foreign Exchange Market
Under the current managed float system, what primarily determines the daily exchange rate of the Indian Rupee?
- 1Tariff settings regulated by the NITI Aayog
- 2Direct notifications issued by the Ministry of Finance
- 3Fixed guidelines issued daily by the Reserve Bank of India
- 4Market forces of demand and supply of foreign exchange✓
Correct answer
Market forces of demand and supply of foreign exchange
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