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

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Rupee Devaluation Real Issues

Rupee Devaluation: Real Issues N Jadhav STRUCTURAL imbalances such as, fiscal deficit or balance of payments deficit, cannot be allowed to be perpetuated for ever. Sooner or later they have to be corrected through a. package of policy initiatives commonly referred to as a macroeconomic adjustment' programme. In the present era of the generalised floating of the major currencies, exchange rate adjustment is often assigned a prominent role in such a package of reforms.

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