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How Can Reserve Bank of India Help in Bringing Down the Foreign Exchange Rate Which is Very High? - CBSE (Arts) Class 12 - Economics

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Question

How can Reserve Bank of India help in bringing down the foreign exchange rate which is very high?

Solution

To bring down the foreign exchange rate, the Reserve Bank of India can sell foreign currency in exchange of the domestic currency.

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Solution How Can Reserve Bank of India Help in Bringing Down the Foreign Exchange Rate Which is Very High? Concept: Function of Central bank - Bank of Issue.
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