Not the rupee, says Rajan, it’s the result of a slowdown in global trade and shifting import patterns. The Centre disagree The Centre and the Reserve Bank of India are at it again, this time trading charges against each other for sabotaging export growth. The Centre is claiming that exports are being throttled to death by a mule-headed RBI refusing to devalue the rupee to make it competitive against its other emerging market peers. Governor Raghuram Rajan has been equally strong in his defence, arguing that it is not the rupee but other factors that are responsible for the decline.
http://southasiamonitor.org/detail.php?type=eco&nid=16524
I-BRIDGE's blog (Link Campus University's Research Centre on Global Affairs) - editor, Marco Emanuele - Critical thinking, complexity, international relations (Twitter, @Glob_Eye - Facebook, https://www.facebook.com/marco.emanuele.50)
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