"It should not escape notice that gold and silver after circulating in every other quarter of the globe, come at length to be absorbed in Hinduston"
Now the on-going major economic problem that
india is facing is not the inflation, as we got used to that, but it is the
depreciation of rupee. I think I don’t need to explain who will benefit more
with that and who will lose more. For those who don’t know, in simple terms, if
a currency value is depreciated the importers will suffer more and the
exporters will gain more. I just wanted to discuss the indian rupee devaluation
history before getting into the current depreciation of rupee a...