CURRENT AFFAIRS

2019

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

RBI constituted a panel to examine issues related to offshore rupee markets and recommend policy measures. Who is the head of the panel?

A	Renuka Ramnath
B	Shyamala Gopinath
C	Usha Thorat
D	Manisha Girotra

Explanation:

Detailed explanation-1: -Accordingly, RBI has constituted the Task Force on Offshore Rupee Markets. The Task Force will have the following composition: Smt. Usha Thorat, former Deputy Governor, Reserve Bank of India - Chairperson.

Detailed explanation-2: -The report of the Task Force has been published on the RBI website today.

Detailed explanation-3: -RBI also regulates foreign exchange under the Act, where it issues licenses to act as an authorized person. It plays a crucial role in economic development of the foreign exchange market. FEMA provides the role of controller to the RBI, and RBI supervises and ensures proper flow of foreign exchange.

Detailed explanation-4: -The RBI typically intervenes in the market through liquidity management, including through the selling of dollars with a view to preventing a steep depreciation in the rupee.

There is 1 question to complete.