Exchange Rate Protection

Ever since the liberalisation in 1991, the RBI has pursued a flexible exchange rate policy

India's private defence firms had last campaigned for ERV protection after being bruised by the rupee's fall from Rs 44 a dollar in October 2010 to below Rs 56 just a few months later

If the IMF cannot be persuaded to enforce the 'scarce' currency clause on China and Germany, unilateral trade actions by the US would be justified