Making sense of the real exchange rate of the rupee

If the REER is to be restored to its 2004-05 level, the rupee has to depreciate a lot, says V K Sharma. It is a stock refrain of business and industry in India, as indeed globally, that they......

India's exchange rate policies are flawed

If net forex outflows turn out to be relatively high in the next few years, the rupee could depreciate beyond Rs 80 to a dollar by 2022.The causal reasons could, for example, include unmet......

Exchange rate muddles

Judging by the recent columns in newspapers by eminent economists, some of them seem to have been touched by a dose of summer madness. The most egregious is Surjit Bhalla's recent call to send......

'Ideal' inflation & exchange rates

My last article addressed how strategic use of low interest rates could help achieve better living standards. This one explores what the "right" inflation and exchange rates might be, and suggests......