India rsquo s foreign exchange rate system is ........

Economics- Phase (I & II) Balance of Payment and Foreign Exchange Markets

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India’s foreign exchange rate system is?

Free float

Managed float

Fixed .

Fixed target of band

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Explanation:

Managed float regime is the current international financial environment in which exchange rates fluctuate from day to day, but central banks attempt to influence their countries' exchange rates by buying and selling currencies to maintain a certain range