What is present pegged exchange rate by indian government? – InterviewSolution

1.	What is present pegged exchange rate by indian government?
Answer» ndependence, the exchange rate SYSTEM in India has transited from a fixed exchange rate regime where the Indian rupee was pegged to the POUND STERLING on account of historic links with Britain to a basket-peg during the 1970s and 1980S and eventually to the present form of market-determined exchange rate regime since March 1993.

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