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| Topic: |
Miscellaneous
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| Number of pages / Number of words: |
13 / 3404 |
Essay's paper body
It has the power to sell gold at fix prices to other countries. It also buys and sells foreign currencies at international price.
- Manages the Foreign Exchange Management Act, 1999.
- It fixes the exchange rate.
- It supplies the foreign currency to importers and persons visiting foreign countries...
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The Monetary and Credit Policy is the policy statement, traditionally announced once a year, through which the Reserve Bank of India seeks to ensure price stability for the economy. These factors include - money supply, interest rates and the inflation. In banking and economic terms money supply is referred to as M3 - which indicates the level (stock) of legal currency in the economy...
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