As per the announcement made by the RBI, some stock exchanges in India are allowed to introduce Plain Vanilla Currency Option. The term Plain Vanilla Currency Option is associated with which of the following activities/operations?

[A] Launch of new mutual funds

[B] Dollar-Rupee exchange rate

[C] Floating of commercial papers

[D] Only (A) and (B)

[E] None of the above

Answer & Explanation
Answer: Option [B]