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

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Rupee Depreciation in Vain

There has been a significant shift in the government's exchange rate policy since 1986 in order to keep the rupee-dollar parity stable to the neglect of the rupee's relation with the other major currencies. The implications of this policy for import costs and domestic inflation too have been ignored.

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