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input side. A unique firm-input level dataset for India with information on different raw material inputs used in production …
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In this paper, we explore the determinants of black market (BM) exchange rates in India using annual data from 1955 … in India. Our empirical findings show that a low level of official foreign exchange reserves negatively and a high level … India in 1973 have a negative impact on BM rates. The results also reveal that interest rate policies positively affect BM …
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