Sri Lanka defaulted on its external debt for the first time in its postcolonial history…
Macroeconomic Vulnerability and the Rupee’s Decline C.P. Chandrasekhar
The measures adopted by the government to stem the rupee depreciation rather than being a success may well lead India into a crisis.
Rupee_Decline (Download the full text in PDF format)
(This article was originally published in the Economic and Political Weekly, Vol. XLVIII No. 38, September 21, 2013.)