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He is not suggesting that the Rupee is devalued due to money being brought back. Rather he is suggesting that the currency is being manipulated using other mea
by aqrashik 13y ago
He is not suggesting that the Rupee is devalued due to money being brought back.
Rather he is suggesting that the currency is being manipulated using other means so that money which is brought back from abroad gets a much more favorable rate when converted into rupees.
Not sure whether I agree with this though
- ankitoberoi 13y agoWhat could these other means be to manipulate the currency in an open market? I haven't noticed any policy changes and RBI, is primarily selling dollars, in low quantities though.