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Foreign Exchange Market and Currency Rates
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Foreign Exchange Market and Currency Rates

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Questions and Answers

What is the primary purpose of the RBI's intervention in the foreign exchange market?

  • To regulate the exchange rate of the Indian Rupee
  • To contain instances of excessive volatility (correct)
  • To promote the export of Indian goods
  • To reduce the country's foreign exchange reserves

    • What percentage has the INR depreciated against the US dollar from April to December 2022?

  • 5.5 per cent
  • 7.5 per cent
  • 9.5 per cent
  • 8.3 per cent (correct)

    • What has been the trend of the US dollar index from January to December 2022?

  • It has depreciated by 4.4 per cent
  • It has fluctuated randomly
  • It has remained stable
  • It has appreciated by 4.4 per cent (correct)

    • What has been the change in the Nominal Effective Exchange Rate (NEER) of the US dollar from January to December 2022?

    <p>It has appreciated by 7.8 per cent</p> Signup and view all the answers

    What is the main reason for the depreciation of the INR against the US dollar?

    <p>The US dollar has strengthened</p> Signup and view all the answers

    How has the external value of the INR moved during the year since the onset of the current geopolitical crisis?

    <p>It has seen very orderly movements</p> Signup and view all the answers

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