among fixed and floating exchange rates which is the best
for india? how?
Answers were Sorted based on User's Feedback
Answer / debasis kar
According to the market situation the exchange should be
very.It may be Fixed or it may be variable.When inflation
is going on India should prefer the Floating exchange rates.
Is This Answer Correct ? | 5 Yes | 1 No |
Answer / anjali
I think fixed exchange rate is not good for India because in
fixed exchange rate govt generally fixes a rate ie there is
need of govt intervention but at these turbulent times where
the exports are declining and no bank is lending.There is no
ECB also so at these times it is better to have floating
rate it would be also a measure to revive economy.
Is This Answer Correct ? | 3 Yes | 2 No |
Answer / rajesh
According to market situation exchange rate for currency varies. In inflation trend floating exchange rate is better.
Is This Answer Correct ? | 0 Yes | 0 No |
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