• Petrol Prices
    doesn’t relief the common man. Living in a country like India , where there is a sizeable population of middle class , petrol price hike is a major cause of concern for the growth of the country . The main reason for this distress is the incapability of the government to control the devaluation of...
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  • global economic
    . As mentioned above, stagnation of foreign investment and weak Rupee caused slower GDP growth and higher commodities prices. Devaluation of Rupee makes Indian government even harder to repay its deficits, which in turn affected all the economy activities globally. As one of the two superpowers in...
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  • Important Document
    which we should stabilize?” The current context is very different, but the way Ambedkar framed the problem is still relevant today: Should the Reserve Bank of India try to defend the rupee and what value should it defend? Ambedkar eventually argued in favour of a limited devaluation of the rupee...
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  • Real Exchange Rate Stabilisation and Managed Floating: Exchange Rate Policy in
    in moderating variations in the rupee exchange rate, making it an "implicit adjustable NER peg" (Joshi, 1984). Between 1983-85, the rupee was devalued enough so as to keep the real exchange rate constant. Between 1986-90, a policy of active rupee devaluation was followed to produce a real...
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  • Export Promotion Measures
    to domestic policies which often led to the falling share of India’s traditional exports and insufficient expansion in the case of non-traditional exports. The second sub-period in Phase I starts with the devaluation of rupee by 36.5 per cent in terms of gold in June 1965. The government...
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  • Exchange Rates - IB Economics
    currency per unit of home currency  0.0255102 US Dollar   per Indian Rupee 0.491594 Pound per Indian Rupee Appreciation of Currency Currency Appreciation means that the given currency has become more valuable with respect to another currency. For example if the rupee...
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  • Dollar vs Rupee (Info)
    helped it break out of this vicious circle. But, as economists Raghuram Rajan and Surjit Bhalla noted at an event overnight, a cheaper currency alone will not add to India’s growth story. India, said Rajan, “is long past the stage where it could have used (rupee devaluation) to provide oomph to the...
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  • effects of economic policy in india
    activities are to be governed both by domestic market as also the world market. It means unification of the domestic economy with the world, economy. In fact, this has become possible by various policy initiatives taken by the Govt. For instance, devaluation of rupee in June 1991 was intended to do...
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  • Efe Matrix
    supply (Refineries) | 0.05 | 2 | 0.10 | 3. | Devaluation of Pakistani Rupee | 0.05 | 3 | 0.15 | 4. | Decline in consumption of White Oil Products | 0.10 | 3 | 0.30 | 5. | Fluctuation of oil prices in international markets | 0.05 | 2 | 0.10 | 6. | New alternatives to the industrial energy...
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  • Foreign Exchange Market
    pegged nature of the rupee in recent years (see Chakrabarti (2006) for a more detailed discussion). Based on volatility, India had a de facto crawling peg to the US dollar between 1979 and 1991 which changed to a de facto peg from mid-1991 to mid-1995, with a major devaluation in March 1993. From mid...
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  • Forex
    authority, the exchange rates of rupee in terms of gold as well as the dollar and other currencies were indirectly kept stable. The devaluation of rupee in September 1949 and June 1966 in terms of gold resulted in the reduction of the par value of rupee in terms of gold to 2.88 and 1.83 grains of fine...
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  • Hello World
    The past two weeks have been disastrous for the rupee value against dollar currency. The same time last month (22-Aug-2011), rupee value against dollar was 44.5 – 45.0 range, at this time of writing this article it is hovered to the range of 49.0 – 50.0. It is expected to raise further which would...
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  • Pia Crisis
    of more than 64 billion rupees from 2005 to 2008. It has also suffered huge losses in 2009 and 2010 particularly due to increase in the price of the fuel and devaluation of Pakistani rupee. It is, now, just like a white elephant. The bad governance, poor performance and corruption are the major...
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  • Moral Dillema
    | Crisis Include data from Page 9 of “WHAT CAUSED THE 1991 CURRENCY CRISIS IN INDIA?” http://rbidocs.rbi.org.in/rdocs/Publications/PDFs/51018.pdf Short Term Measures Devaluation of the Indian Rupee The IMF Program New exchange rate regime Liberalization Long Term Reforms Restructuring...
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  • Gold Standard
    of goods and services to America, demand for foreign exchange for outward remittances exceeded the supply of foreign exchange through inward remittance. This put the pressure on foreign exchange prices. $/rupee rate would rise; say from 5 rupees to a dollar to 5.05 per dollar. If India’s deficit...
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  • Macro
    A country which needs to perform economically well and to attract numerous investments needs to ensure economic stability in its territory to mount the slope of growth. Pakistan unfortunately has been experiencing huge stresses due to stunning devaluation of rupee, imbalance of payments, escalating...
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  • Monetary Economics
    THE UNIVERSITY OF DODOMA A RESEARCH PROPOSAL ON THE TOPIC Factors influencing Tanzania devaluation policy in its international trade BY NYERERE, LAZARO – T/UDOM/2010/03542 Table of Contents 1. INTRODUCTION 2 1.1. Background Information 2 1.2. Statement of the Problem 3 1.3...
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  • Globalisation
    the helm of policy design. With almost 20% devaluation of the Indian rupee in 1991, the process began that for a while slowed down a little but rarely anyone was in doubt about its existence. The recent reports show that Indian economy grew at the record breaking and astonishing pace of 8% growth in...
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  • India’s Foreign Trade
    products. The bad weather conditions in the sixties led to more imports of food grains and agricultural raw materials. Added to these, the devaluation of the Indian rupee in 1966 further raised the value of imports. As a result, the value of imports rose by about 40 percent during 1960. It was...
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  • Faq for Business Finance
    inducted under the 1994 Power Policy was comparable to the IPP tariffs in other Asian countries. The increase in tariff with time is mainly due to increase in the prices of furnace oil and gas, and devaluation of the Pak Rupee. The table below depicts a 603% rise in furnace oil prices, a 216% increase in...
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