20% de-evaluation in the rupee every time an election is around - TopicsExpress

20% de-evaluation in the rupee every time an election is around the corner. But there was an exception to the rule. "The only occasion in the past 30 years when this trend was reversed in South Asia was in the months preceding the 2004 Indian General elections when the BJP-led NDA was in power. The BJP had less black money stashed abroad compared to the Congress and therefore wanted the Congress to lose heavily on the exchange rate" Muhahahahaha. Really cool article by NewsLaundry.

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