ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Articles by D SambandhanSubscribe to D Sambandhan

A Tale of Two Partitions

T he Indian subcontinent and Palestine were partitioned at the same time and to help nation building their first generational partition narratives were based on selective memory. The second generational narratives by scholars question the earlier "official" ones. However, Palestinian intellectuals face a difficult task questioning the dominant narratives since their people are still struggling for a national territory.

Resisting Rupee Appreciation?

In some quarters, the Reserve Bank of India has been accused of resisting rupee appreciation through active exchange rate interventions and thus worsening inflation. While liquidity explosion becomes the logical corollary of the RBI's exchange rate management, the latter does not seem to have a strict correspondence with the emergence of recent inflationary pressures. In the face of the dollar's weakness and perennial capital inflows, the RBI has accomplished a balancing act of stabilising the real effective exchange rate and not allowing the nominal exchange rate to move according to the dictates of speculative global finance.
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