Cryptocurrency Q&A
What is the exchange rate system in India?
What is the exchange rate system in India?
Fri Jan 10 2025
|
5 answers
807
I am interested in understanding the exchange rate system in India. Could someone please explain how the exchange rate system works in India and what factors influence it?
Previous
Which statement best explains how elasticity and initiatives work together?
Next
Is there a free AI trading bot for beginners?
5 answers
Sun Jan 12 2025
This arrangement lasted for several years until the 1970s and 1980s, when the system shifted to a basket of currencies.
Was this helpful?
323
32
Sun Jan 12 2025
During this period, the value of the Indian Rupee was determined by a weighted average of several major currencies.
Was this helpful?
47
68
Sun Jan 12 2025
In 1993, a further transformation took place, moving to a market-determined exchange rate regime.
Was this helpful?
53
73
Sun Jan 12 2025
India's exchange rate system has undergone significant transformations since gaining independence six decades ago.
Was this helpful?
40
23
Sun Jan 12 2025
Initially, the Indian Rupee was tied to the UK Pound under a fixed exchange rate regime.
Was this helpful?
344
75
