Why the Indian rupee’s decline is part of the solution, not the problem

Описание: On 12 May, the Prime Minister urged Indians to reduce foreign travel, buy less gold, and cut consumption of imported goods. The objective was arguably to conserve foreign exchange and limit the rupee’s decline. But, during global shocks, a weaker rupee can help the economy adjust by discouraging imports, supporting exports, and attracting foreign capital. Trying to prevent this adjustment can create other economic strains. Watch this week's column by Bhargavi Zaveri-Shah for #ThePrint.

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