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प्रश्न
How does RBI intervenes to influence the exchange rate?
लघु उत्तरीय
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उत्तर
The Reserve Bank of India (RBI) intervenes in the foreign exchange market to stabilize the rupee's value and control volatility. It does this by:
- Selling foreign currency, such as US dollars, to strengthen the rupee when it depreciates too much.
- To avoid excessive appreciation, purchase foreign money when the rupee gains too much strength.
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