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RBI Grade B Phase 1 PYP >> Sep 8, 2024 - Shift 2 >> General Awareness

Question :

Amid increasing Foreign Portfolio Investment (FPI) inflows and outflows, the Reserve Bank of India (RBI) kept the USD to INR exchange rate in the range of ₹____ during recent fiscal periods.

1. ₹81.50

2. ₹82.20

3. ₹83.40

4. ₹84.00

5. ₹85.00

Correct Answer : 3
Solution :

To manage the impact of increasing Foreign Portfolio Investment (FPI) inflows and outflows on the currency market, the Reserve Bank of India (RBI) maintained the USD to INR exchange rate within the ₹83.40 range in recent periods. This strategy helps in stabilizing the Indian Rupee amidst market volatility while keeping a balance between external investment and exchange rate fluctuations.

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Record Breaking Results in 2024-25 🎉

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