Imported inflation, fragile manufacturing, and unequal burdens complicate textbook arguments supporting unrestricted currency depreciation across India.

Imported inflation, fragile manufacturing and unequal burdens complicate textbook arguments supporting unrestricted currency depreciation across India. India’s exchange-rate…

Imported inflation, fragile manufacturing, and unequal burdens complicate textbook arguments supporting unrestricted currency depreciation across India.

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…