Does an Instant of Sorcery card with Madness stay exiled after you cast it for it's madness cost?

Fantastickill7Fantastickill7
in MTG Gameplay Chat
Just got the Merciless Rage commander deck, and was playing with it, and I was like "it doesn't say if it stays exiled or not..."

if you know please let me know so that I can play properly, thank you.

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