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Q.

Hello were policies of Ex Finance Minister Mr Manmohan Singh Responsible for Devaluation of Rupee Against US $?

Tags: money, responsible, rupee
Asked by sumukh chincholkar, 18 Jun '12 09:42 pm
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Answers (4)

1.

Yes He is the reason knowingly or unknowingly
Then after becoming Prime minister, he is not even unable to control his own Ministers
Answered by hitler, 18 Jun '12 09:49 pm

 
  
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2.

Yes to some extent
Answered by Ramesh Agarwal, 18 Jun '12 09:45 pm

 
  
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3.

So is the current downward slide in the cedi value as a result of the slowdown in the global economy or due to internal structural weaknesses? This question requires a detailed research work beyond the scope of this article but it is a very relevant question to ask at this time.

In economics, depreciation is basically the symptoms of an underlying problem, specifically imbalances in the Balance of Payment (BOP), emanating from excess demand for dollars. So instead of discussing the depreciating cedi, I will rather focus my attention on the causes or factors that cause currency to depreciate and what the government can do to arrest this problem in special cases.

Before then, I must let readers know the difference between currency fluctuation and depreciation. Fluctuations in currency value are a common event and are usually no cause for concern. The minor daily increases and decreases in value are generally due to random walk and not due to an economic event or fundamental proble ...more
Answered by jameel ahmed, 18 Jun '12 09:45 pm

 
  
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4.

No dear
Answered by rajan, 18 Jun '12 09:44 pm

 
  
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