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प्रश्न
If the fixed rate is below equilibrium, what does RBI do?
पर्याय
RBI buys foreign exchange
RBI fixes the value of currency in terms of gold
RBI allows depreciation without intervention
RBI sells foreign exchange
MCQ
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उत्तर
When the fixed rate is below equilibrium, RBI sells foreign exchange. Selling foreign exchange is the required intervention to maintain that fixed rate.
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