Q. Fixed Foreign Exchange Rate can be changed by
Solution:
The Reserve Bank of India (RBI) is India’s central banking institution, which controls the monetary policy of the Indian rupee.The Central Bank was an independent apex monetary authority which regulates banks and provides important financial services like storing of foreign exchange reserves, control of inflation, monetary policy report.The bank is often referred to by the name Mint Street.RBI is also known as banker’s bank.
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