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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 307
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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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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