ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

A+| A| A-

Exchange Rate- Suitability of Currency Basket

THE pound sterling has sunk heavily during this month; on April 24, it touched a new low when its effective depreciation from the Smithsonian parity was as much as 22.5 per cent. The. Indian rupee, linked as it is lo the sterling, thus daily fluctuates against other world currencies along with the sterling. Only a few months ago, the sterling improved against the dollar, but that was for no basic economic reason

To read the full text Login

Get instant access

New 3 Month Subscription
to Digital Archives at

₹826for India

$50for overseas users


(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top