Ajay you claim that a 10% appreciation could lead to a 2% fall in inflation. That estimate seems to be on the higher side. Empirical studies (even by RBI) that I have seen suggest a 1% change in inflation for 10% change in currency. Can you elaborate upon your assertion? Thanks.
blogger misses 2 points..good deal of reserves are not really reserves and is susceptible to flight as FIIs fleea sharp rise in rupee will not only devastate the only industry (IT,BPO) that has been the bellweather for indian growth for the last 5 yrs..ANyhoo, the time has arrived where last 5 yrs of credit (hence debt) orgy & loose monetary policy worldwide is beginning to bite everywhere..I will predict Rupee to fall to ~60 against dollar in ~2 yrs..Rampant indian inflation will reduce indian growth to ~4% in the next decade
Hi Nice Blog.A Document Scanning Services and Document Imaging Services provider focused on value pricing and quality deliverables with quick project turnarounds, utilizing dDSpeedScan© to provide best-practice project deliverables.document scanning
Informative post...Regards, Document management services
his is great achieve ment ever done by the company it will benefit investor.
Please note: Comments are moderated. Only civilised conversation is permitted on this blog. Criticising me is perfectly okay; uncivilised language is not. I delete any comment which is spam, has personal attacks against anyone, or uses foul language. I delete any comment which does not contribute to the intellectual discussion about the blog article in question.Please note: LaTeX mathematics works. This means that if you want to say $10 you have to say \$10.