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

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Devaluation and Balance of Payments

G C da Costa The devaluation of the rupee has served to illustrate a basic economic proposition, namely, that although a programme of economic development may allow for short term deficits in a country's external accounts, in the long run, external balance is absolutely necessary.

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