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

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SEED POLICY-Emphatic Protest

growth and the sharp pick-up in imports. Under the LERMS arrangement, importers other than those in the specified category have to meet their foreign exchange requirements from the open market and the free market exchange rate has to match demand for and supply of foreign exchange. Destabilisation of the free market can also be caused by a rapid erosion of official holdings of foreign exchange assets

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