The Indian Currency Regime and its Consequences
Since 1993, Indiaâ€™s currency regime is said to be a managed float, a â€œmarket determined exchange rateâ€ in the sense that there is a currency market and the exchange rate is not visibly administratively determined. Many countries that claim to float have a fear of floating. This suggests an investigation into the Indian rupee [NIPFP WP No. 49].
References listed on IDEAS
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