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

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Political Response to the 1966 Devaluation

The devaluation of the rupee in 1966 came up against intense and widespread political reaction. This made it nearly impossible for the government to gain real political support for the measure ex-ante or to make a national appraisal of its success ex-post.

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