In market driven exchange rate regime, currency acts a pressure - TopicsExpress

In market driven exchange rate regime, currency acts a pressure release valve..... it is both a signal/barometer of socio-economic pressures as well as safety mechanism... bereft the mechanism, pressure can build to levels that threaten a cataclysmic explosion..... Hence, let market forces prevail, pay attention to signals and make course correction of India..... A very interesting walk through history on the effect of INR devaluation on macro economics.. business-standard/article/opinion/story-of-two-devaluations-113081601231_1.html

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