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  #1  
7th July 2017, 01:56 PM
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Details on RBI intervention and foreign exchange rate management


Bring out the changes in India's exchange rate system 1991 how does RBI attempt to establish the exchange rate? I need to know some details on this to understand the process as it is needed for my study. Can you please guide me on this?




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  #2  
31st July 2017, 09:36 PM
aashisranjan784
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Join Date: Sep 2012
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Default Re: Details on RBI intervention and foreign exchange rate management

After BOP crisis in 1991, India went for LPG reforms. In exchange rate system, India moved from floating exchange rate to managed floating exchange rate system. In managed exchange rate system, when volatility is more, RBI intervenes and try to reduce it.

>>When there is excess of rupees in market and it is weakening as compared to dollar, RBI goes for dear money policy to suck out excess liquidity and manages exchange rate of rupee as compared to other currencies and vice versa.
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