Fixed Foreign Exchange Rate can be changed by

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Question

Fixed Foreign Exchange Rate can be changed by

Options:

A . SEBI

B . RBI

C . Ministry of Finance

D . FIPB

Answer: Option C
Answer: (c)
The Reserve Bank of India has the responsibility of maintaining fixed exchange rates with all other member countries of the International Monetary Fund.
Besides maintaining the rate of exchange of the rupee, the Reserve Bank has to act as the custodian of India’s reserve of international currencies. It operates the exchange control system.

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