RUPEE RATIO.
INDIAN RESERVE BANK BILL. DELHI; December 24. Discussion on the Reserve Bank Bill in the Legislative Assembly is centring on the rupee ratio.,A tremendous battle is going on between the protagonists of the eighteen-penny and the sixteenpenny rupee. European interests are strongly behind Sir George Schuster, Finance member, who is determined to keep the rupee at 1/6, but there is terrific Indian opposition in favour of depreciation. Moderate opinion favours a pegged rupee against the uncertainties of a depreciation, which place currency in the hands of speculators and manipulators, with a possible landslide..
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Auckland Star, Volume LXV, Issue 2, 3 January 1934, Page 7
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95RUPEE RATIO. Auckland Star, Volume LXV, Issue 2, 3 January 1934, Page 7
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