MY Comment on an article "Did the Indian government deliberately allow the rupee to fall?" published in the Economic Times dated 21/02/2014 at 3:27 pm.
"From the point of view of encouraging exports, it is good.
If you get extra rupees you are tempted to export more. It is good for restricting imports also.
If imports are restricted, you will be forced to consume domestic products. It will boost our industry.
So for more internal development it is a very good tool to make the rupee weaker against dollar and euros."
"From the point of view of encouraging exports, it is good.
If you get extra rupees you are tempted to export more. It is good for restricting imports also.
If imports are restricted, you will be forced to consume domestic products. It will boost our industry.
So for more internal development it is a very good tool to make the rupee weaker against dollar and euros."
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