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

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Magnitude and Nature of Recent Depreciation of Rupee

Depreciation of Rupee S K Verghese All indices of (he trade-weighted exchange rate (TWER) of the rupee show that the bit-by-bit depreciation of the value of the rupee has resulted in a significant cumulative depreciation of about 30-35 per cent in the nominal exchange rate of the rupee during 1982-86. The government's objective in effecting the small, step-by-step devaluation appears to have been to offset the higher rates of inflation in India relative to those of our trade partners.

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