Spirit, Gone With the Wind
Published in LiveMint on Aug 14, 2007
Why Nasscom's plea for RBI intervention in the currency markets is based on plainly incorrect data and faulty economic thinking.
Why Nasscom's plea for RBI intervention in the currency markets is based on plainly incorrect data and faulty economic thinking.
One small correction to the headline of the article -- Nasscom's complaints about the impact of the Rupee's appreciation on National (not "Industry" as is given in the paper) Competitiveness is baseless.
posted by Shanmuganathan N @ 8:43 PM
1 comments
1 Comments:
Three very interesting points. 1. That so many currencies have appreciated against the dollar in the last five years. 2. Nations remain competitive against an appreciating currency. 3. NASSCOM is using this ruppee appreciation as a smokescreen to get tax benefits extended.
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