There are mainly three types of exchange rate systems: flexible/ floating exchange rate system, fixed exchange rate system and managed floating (intermediate exchange rate system). India has managed floating exchange rate system. In this rate is basically determined in the foreign exchange market through the operation of market forces. But during extreme fluctuations, the central bank (RBI) intervenes in the foreign exchange market. Objective of this intervention is to minimise the fluctuation in the exchange rate of rupee.
The maiden Joint Military Exercise FRINJEX-23 between Indian Army and French Army will be conducted at Pangode Military Station, _________.
Who will inaugurate DefConnect 2024, aimed at promoting indigenous innovation and addressing security challenges?
Which country won the bronze medal in the Badminton Asia Mixed Team Championship?
What initiative is the Ministry of Mines undertaking on 1st October, 2023, in line with the government's call for citizen participation?
Who is the chairperson of the National Statistical Office?
The time period of a pendulum when taken to the Moon would:
The Govt. has provided financial assistance under PMMSY to individuals and groups engaged in the fishing industry and to build critical infrastructure a...
Which of the following policy was recently approved by Union Cabinet?
The three-day 9th edition of the North East Festival was held in _________.
During Rajnath Singh's visit to the U.K., what was the focus of the LoA (Letter of Agreement) signed between India and the U.K.?
