Which of the following steps can be taken by the RBI and the government to stabilise the currency markets.
1. Increasing the limit for outbound investment and remittances from India.
2. Using local currency for trade with major trading partners.
3. Liberalisation of FDI norms
Select the correct answer code
1. 1 and 2
2. 2 and 3
3. 1 and 3
4. 1, 2 and 3