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Questions and Answers
What is the primary purpose of the RBI's intervention in the foreign exchange market?
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?
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?
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?
What has been the change in the Nominal Effective Exchange Rate (NEER) of the US dollar from January to December 2022?
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What is the main reason for the depreciation of the INR against the US dollar?
What is the main reason for the depreciation of the INR against the US dollar?
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How has the external value of the INR moved during the year since the onset of the current geopolitical crisis?
How has the external value of the INR moved during the year since the onset of the current geopolitical crisis?
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