Which of the following is/are the objectives of Exchange Rate Management In India?

1. To ensure that the economic fundamentals of the Indian economy are correctly reflected in the external value of the Indian rupee.

2. To help in the prevention of the emergence of any destabilizing and speculative activities in the foreign exchange market.

3. To maintain a sufficient level of foreign exchange reserves to deal with any external currency shocks.

Select the correct answer using the code given below.