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Please use this identifier to cite or link to this item: https://repository.iimb.ac.in/handle/2074/12914
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dc.contributor.authorMoorthy, Vivek
dc.date.accessioned2020-07-02T14:50:56Z-
dc.date.available2020-07-02T14:50:56Z-
dc.date.issued2010-05-10
dc.identifier.urihttps://repository.iimb.ac.in/handle/2074/12914-
dc.descriptionLiveMint, 10-05-2010
dc.description.abstractIndia’s current account deficit has jumped to over 4% of gross domestic product (GDP) by some estimates, the highest since Independence. At the same time, the rupee has risen in real (i.e., inflation-adjusted) terms over the last few months, going by the real effective exchange rate (REER) index calculated by the Reserve Bank of India (RBI). The previous biggest external deficits were during the crisis of 1991 (3%) and in 1957 (3.2%) due to the Mahalanobis plan, when policy veered leftward, as Mathew Joseph has pointed out in an article suggestively titled “RBI should act on the exchange rate front" (The Hindu Business Line, 19 April). Read more at: https://www.livemint.com/Opinion/NJKW2U2QUNjMxbQH564UYO/Steering-between-two-extremes.html
dc.language.isoen_US
dc.publisherHT Media
dc.subjectGross Domestic Product
dc.subjectGDP
dc.subjectInflation
dc.subjectReal effective exchange rate
dc.subjectREER
dc.titleSteering between two extremes
dc.typeMagazine and Newspaper Article
dc.identifier.urlhttps://www.livemint.com/Opinion/NJKW2U2QUNjMxbQH564UYO/Steering-between-two-extremes.html
dc.journal.nameLiveMint
Appears in Collections:2010-2019
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