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Worry Over a Falling Rupee
Hindustan Times West UP
|January 15, 2025
A strong currency is no reflection of a strong economy. Exchange rates are best left to economists to manage
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It is widely and popularly believed that a strong currency is a reflection of a strong economy. This belief explains why there is a lot of hue and cry when a country's currency is depreciating sharply, much like the rupee is right now. This is neither the first nor the last time such a frenzy is being whipped up. It is almost poetic justice that politicians who once used the exchange rate as a political weapon are going red in the face trying hard to discredit its use by their opponents.
This story is from the January 15, 2025 edition of Hindustan Times West UP.
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