Practicing Success
Dirty floating exchange rate system is related to which of the following options? |
Fixed exchange rate Flexible exchange rate Managed floating exchange rate None of the above |
Managed floating exchange rate |
Dirty floating exchange rate system is related to managed floating exchange rate system where RBI sets the limits within which the exchange rate can fluctuate depending on market demand and supply forces. RBI intervenes occasionally when exchange rate goes out of limits set by the central bank. |