Figures on India’s balance of payments in financial year 2023-24, recently released by the Reserve…
Macroeconomic Vulnerability and the Rupee’s Decline C.P. Chandrasekhar
The measures adopted by the government to stem the rupee depreciation rather than being a success may well lead India into a crisis.
Rupee_Decline (Download the full text in PDF format)
(This article was originally published in the Economic and Political Weekly, Vol. XLVIII No. 38, September 21, 2013.)