Indian Currency and Finance
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About this book
Indian Currency and Finance examines the Indian authorities' double responsibility to supply rupees for Council Bills or sovereigns and to supply sterling or sterling drafts in exchange for rupees. The discussion says the maintenance of the Indian system depends on fulfilling that double obligation to whatever extent may be required. The author proposes examining existing methods, their adequacy, proposals to make them more orderly and intelligible, and the management of cash balances.
The account of exchange difficulties records several weeks without sales of Council Bills at a season when demand was usually strong. The discussion of earlier access to rupees says the purchaser's decision chiefly depends on the Indian bank rate.
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Book facts
- Author
- John Maynard Keynes
- Pages
- 137
- Language
- English
- Genre
- Economics
- Formats
- PDF, EPUB, Read online