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Why India cannot let the rupee float. - 360
Imported inflation, fragile manufacturing and unequal burdens complicate textbook arguments supporting unrestricted currency depreciation across India. India’s exchange-rate debates often proceed as though the price of the rupee were merely another financial price best left to market correction and macroeconomic adjustment. In theory, a weakening currency performs a useful balancing function. Imports become costlier, domestic […]
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360info.org
Why India cannot let the rupee float. - 360
Imported inflation, fragile manufacturing and unequal burdens complicate textbook arguments supporting unrestricted currency depreciation across India. India’s exchange-rate…
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thediplomat.com
Why India Cannot Let the Rupee Float
Imported inflation, fragile manufacturing, and unequal burdens complicate textbook arguments supporting unrestricted currency depreciation across India.
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economictimes.indiatimes.com
What steps India has taken to stem pressure on its external balance of payments
India is taking steps to manage its currency's decline. Higher duties on gold and silver imports are in place. Import rules for silver have been tightened. Citizens are urged to…
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thehindubusinessline.com
Monetary policy should not target exchange rate
Interest rate hikes will not address real concerns underlying the rupee fall. Instead, they will harm the domestic economy