A STUDY ON INDIAN CURRENCY DEPRECIATION AGAINST THE US DOLLAR AND ITS ECONOMIC IMPACT

Authors

  • Manmohan Ramteke Research Scholar, RTM Nagpur University, Nagpur

Abstract

Devaluation is usually undertaken as a means of correcting a deficit in the balance of payments. Some analyst are of the view that weakening the value of currency could actually be good for the economy - since a weaker currency will boost exports, which in turn will lift employment and all this will set in motion economic growth and keep the economy going

References

Reference Iyer, Shriram (2008), The Rupee is Likely to Strengthen, The Economic Times,September 19. • Jaleel, K. Tania (2008), Emerging Markets Most Hurt in Bear Run, The Businessline October 31. • Joshi, Rishsi (2008), “The Rupee Conundrum: Is India Inc. Prepared to Deal with the Volatility in the Indian Currency?”, Business Today, Vol. 17, No. 21, October 19,

pp 23-24.

• Lavanya, C.N.M. (2008), The Impact of Rupee Depreciation, The Hindu, November 2. • Mark, Taylor (1996), “The Hyper Inflation Model of Money Demand Revisited”, Journal of Money, Credit and Banking, Vol. 23, No. 3, pp 327-61. • Srinivas, Srikanth (2008), “Will Loose Mean Tight?”, Businessworld, Vol. 28, No. 24, October 27, p 22. • Stockman, C. Alan (2004), “Dollar Depreciation Will Not Contribute to US Inflation”, Prepared for Meeting of the Shadow Open Market Committee, University of Rockester,UK.

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Published

2014-04-30

Issue

Vol. 3 No. 5 (2014): April 2014

Section

Articles

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