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The higher it is, Reer, the less the exchange rate has depreciated to offset inflation, and the Reer uncompetitive we are, explains ex-RBI boss Raghuram Rajan, Reer. Marketing Cookies and web beacons may be set through our website by our advertising partners.
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They may be set by us or by third party providers Reer services we have added to our pages, Reer. But modern economic systems are complicated and just a simple exchange rate, whether floating or pegged, does not often highlight all the intricacies of two currencies, Reer.
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A brief introduction to real effective exchange rate
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