Economics · Foreign Exchange Market
With reference to India's exchange rate framework, consider the following statements: 1. India follows a completely free-floating exchange rate regime with absolutely no central bank intervention. 2. The RBI intervenes in the forex market to manage excessive volatility without targeting a specific fixed rate. 3. Forex reserves include foreign currency assets, gold, Special Drawing Rights (SDRs), and the Reserve Tranche Position in the IMF. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2 and 3
- 21 and 2 only
- 31 only
- 42 and 3 only✓
Correct answer
2 and 3 only
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