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Floating Exchange Rate

Q: Which exchange rate is following by India?

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Floating Exchange Rate

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floating

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In a floating exchange rate system, the rates keep on changing according to the economic conditions. The rates of the currencies are never fixed.

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Fiscal and monetary policies under managed floating exchange rate regimes?

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pegged exchange rate is officially fixed in terms of gold or any other currency in foreign exchange.

Floating exchange rate is flexible rate in which value of currency is allowed to adjust freely determined by the supply & demand of foreign exchange

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