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" Keport) is their conviction that at the present rate of about 1'. 6d. " prices in India have already attained a substantial measure of' adjustment with those in the world at large, and as a corollary that any change in thV rate would mean a difficult... "
Indian and Pakistan Year Book and Who's who - Page 311
edited by - 1928
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The Indian Review, Volume 27

G.A. Natesan - India - 1926 - 956 pages
...6d. for the rupee for the following reasons: — (1) At the present exchange rate of about Is. 6d., prices in India have already attained a substantial...of adjustment with those in the world at large and any change in tiie rate would mean a difficult pariod of re- adjustment and involve widespread economic...
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The American Economic Review, Volume 17

Economics - 1927 - 820 pages
...than one year. It recommended that the de facto rate be adopted de jure for the reason that (p. 176) "any change in the rate would mean a difficult period...involving widespread economic disturbance. . . .which would in the end be followed by no countervailing advantage." This argument is elaborated by reference...
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History of Indian Currency and Exchange

Behram Edulji Dadachanji - Currency question - 1928 - 252 pages
...already attained a substantial world prices. measure of adjustment with those ia the world at large, and that any change in the rate would mean a difficult period of readjustment. It would lead to wide-spread economic disturbance which must be avoided. 166 In the beginning they...
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Indian Currency: Banking and Exchange

Hashmatrai Lekhraj Chablani - Currency question - 1929 - 186 pages
...corresponding to an exchange rate of Is. Qd. for the rupee, on the ground that at that rate prices in India had already attained a substantial measure of adjustment with those in the world at large. The available statistics showed (i) that during the eighteen months from December 1922 to, June 1924,...
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Indian Economic Life: Past and Present

Brij Narain - India - 1929 - 638 pages
...stabilisation of exchange at lj. 6d. mainly because they thought that at this rate prices in India had attained "a substantial measure of adjustment with those in the world at large," 261. A detailed study of the movements of Indian prices in relation to gold prices shows that the fall...
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Private Investment in India, 1900-1939

Amiya Kumar Bagchi - Business & Economics - 2000 - 502 pages
...Young Commission was their 'conviction, . . . that, at the present exchange rate of about u. (11/., prices in India have already attained a substantial...end be followed by no countervailing advantage'." There was little doubt in anybody's mind that a recurrence of the instability of the exchange rate...
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The Indian Quarterly Register, Volume 2

India - 1926 - 484 pages
...Is. Gd. and the Commission recommends the stabilisation of this rate on the ground that at this rate prices in India have already attained a substantial...measure of adjustment with those in the world at large. The Commission believes, therefore, that if this ratio is ultimately established tha iprice level in...
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The American Economic Review, Volume 17

Economics - 1927 - 804 pages
...than one year. It recommended that the de facto rate be adopted de jure for the reason that (p. 176) "any change in the rate would mean a difficult period...involving widespread economic disturbance. . . .which would in the end be followed by no countervailing advantage." This argument is elaborated by reference...
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