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

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Management of Exchange Rate of Rupee since Its Basket Link

Management of Exchange Rate of Rupee since Its Basket Link

Management of Exchange Rate of Rupee since Its Basket Link S K Verghese Exchange rates of the major currencies have been floating for over a decade now, This period has witnessed high volatility and persistent misalignments of the principal currencies. The implications of exchange rate instability for balance of payments, costs and prices, and above all investment, have been matters of intense debate among financial analysts and policy-makers. The growing volatility of exchange rates and instability in exchange markets have posed special problems to all countries, but these problems are specially intractable for developing countries.

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