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…

The Reserve Bank of India will let the rupee's value be set by the market. It will only step in if trading becomes too unstable. Simultaneously, the RBI is introducing new plans…