Why depreciation can be healthy

#cuttheclutter

Rupee today hit a record-low to 90 against US dollar. In 1765 of #CutTheClutter, ThePrint Editor-In-Chief explains the factors behind Indian currency’s fall against a weakening dollar, as other currencies rise. He also looks at the implications & reasons why an organic fall is natural & necessary.

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To read Stephen Miran's article: https://www.hudsonbaycapital.com/documents/FG/hudsonbay/research/638199_A_Users_Guide_to_Restructuring_the_Global_Trading_System.pdf