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How RBI help in bringing down the foreign exchange rate which is very high?

I wrote that the Central bank has a function - It acts like a Custodian of Foreign Exchange. This function enables them to buy or sell foreign exchange from the market when the prices are high or low.

Hope I am correct.

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yes...RBI will sell the foreign exchange so supply of foreing currency will increase in international marked and exchange rate will come down

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yup RBI will sell the foreign currency ;)

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yup:))

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is appreciation of home currency right?

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