ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Have Economic Reforms Affected Exchange Rate Pass-Through to Prices in India?

This paper examines the behaviour of exchange rate pass-through to domestic prices in India after the reforms initiated in the early 1990s. Unlike observed in several countries, it finds a rise in exchange rate pass-through to domestic prices until recent years. Besides economic factors typically associated with economic liberalisation, the persistence of higher inflation is an important factor for the rise in pass-through.

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