This brief considers the choice of an appropriate exchange rate regime—floating, managed or fixed arrangements—for individual countries in light of important changes that have taken place in the world ...

Some, indeed, managed to do both: countries in the euro bloc have ... countries as they became more financially integrated—should adopt freely floating exchange rates. But in practice, few central ...

INR operates under a managed floating exchange rate system, where its value is determined by market forces but regulated by the Reserve Bank of India (RBI) to prevent excess volatility.