Article

A Strong Case for a Weaker Rupee

By Sajjid Chinoy

For commodity-importing emerging markets, 2022 is delivering a double whammy. A surge in commodity prices — energy in particular — is delivering a substantial negative terms-of-trade shock to some economies. Simultaneously, increasingly-generalised inflation in advanced economies is resulting in a continuous reassessment of how quickly their central banks will have to move. The Fed has telegraphed seven hikes this year, with growing prospects of more. Consequently, US 10-year yields have surged 75 basis points (bps) in less than a month.

Read the full article here: https://www.theweek.in/columns/bibek-debroy/2022/03/19/bibek-debroy-writes-on-why-india-should-focus-more-on-creating-quality-jobs.html