The official exchange rate of Indian rupee is associated with ________.

Pound Sterling

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Dollar

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SDR

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a basket of selected currencies

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Solution

The correct option is D a basket of selected currencies
In order to to ensure stability of the exchange rate, the rupee is pegged to a basket of currencies.

This is because India trades with multiple countries which have different currencies.

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The official exchange rate of Indian rupee is associated with ________.

The correct option is D a basket of selected currenciesIn order to to ensure stability of the exchange rate, the rupee is pegged to a basket of currencies. This is because India trades with multiple countries which have different currencies.

The correct option is D a basket of selected currencies
In order to to ensure stability of the exchange rate, the rupee is pegged to a basket of currencies.

This is because India trades with multiple countries which have different currencies.