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

A+| A| A-

Private Banking and Depreciation of the Rupee

of the Rupee Kannan Srinivasan The recent volatility in the foreign exchange market has been discussed almost entirely in terms of the Reserve Bank of India 's behaviour, whether it intervened 'in time' or in the right way, and so on. But considering the scale on which portfolio funds and 'other capital' have entered India in the last two years, the recent developments need clearly to be looked at in the context of international capital flows.

To read the full text Login

Get instant access

New 3 Month Subscription
to Digital Archives at

₹826for India

$50for overseas users

Comments

(-) 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