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

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Aspects of Exchange Rate Behaviour and Management in India 1993-98

The change in regime in India from a multi-currency peg to a floating price convertibility provides sufficient motivation for a preliminary analysis of the country's exchange rate behaviour and management between 1993-99. Using international experience with floating exchange rates as a reference point, the paper examines these changes in a comparative perspective. The paper also documents the response of the central bank to exchange rate instability during this period.

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