Question: (c) The RBI's ability to implement a managed float exchange rate strategy has increased significantly from 1991 to 2011. What is the main change

(c) The RBI's ability to implement a "managed float" exchange rate strategy has increased significantly from 1991 to 2011. What is the main change in the conditions of the Indian economy since 1991 that has made this possible? What is the cost of this strategy?

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