Mint Explainer: What is the fuss about India's forex regime
The IMF reclassified India’s de facto exchange rate regime between December 2022 and October 2023 as a “stabilised arrangement” stating that the rupee-dollar exchange rate moved within a very narrow range. India has contested the reclassification
Krishnamurthyv Subramanian Reserve Bank International Monetary Fund Exchange Rate Regime Floating Arrangement Stabilised Arrangement
Source: livemint.com