Raghuram Rajan Quotes

We book our exports forward for more than a year, and so we have a fixed rate. We do not get the spot rate that we see in the market every day.

I will always choose the dollar bill carrying a wildly fluctuating discount rather than the dollar bill selling for a quite stable premium.

The good news is that a competitive dollar in the global market and a strong dollar at home are compatible in both the long run and during the transition to a more competitive dollar.

The reserve currency role seems to add prestige to an area and some people in Europe have talked about the desirability of the euro becoming an international reserve currency.

... a baseless currency varying every fifty miles and fluctuating everywhere.

It does not mean of course that the pound here in Britain in your pocket has been devalued .

I understand that the rupee is fairly market determined.

When financial sectors are small and capital is mobile, floating exchange rates spell massive currency volatility. When a lot of foreign capital flows in, a freely floating exchange rate rises sharply, wreaking havoc for domestic banks and exporters alike.

The fear is that if the dollar falls below 50% of the currency basket held by commercial and central banks and insurance companies, there may be a democratization of the way currencies are priced.

If exporters are looking at various factors which influence the performance, the fluctuating rupee will certainly be a factor.

Rupee fluctuation is not so significant compared with the other currencies. Fluctuations in currencies has been fairly steady. As the finance minister often says, fluctuation is the new normal.

Well, I make a practice of not commenting on the role of the relative exchange value of our currency.

We are still keeping, as much as we can to the one million commitment that we made, hoping that at a certain point in time, the headwinds represented by the strength of the yen will be a little bit less strong.

The uncontrolled increase of the euro rate vis-a-vis the dollar threatens employment growth in the euro area.

Even if the dollar does decline during the coming months, the delays in the response of exports and imports to the more competitive dollar will mean that the increase in aggregate demand from this source may not happen for a year or more.

There's a lot of companies that profit from a weak dollar.

The prices of all imports would rise if the dollar depreciates.

If a currency is to become a growing, an increasing reserve currency, there has to be not only a demand for it there has to be a supply of it.

If inflation-adjusted interest rates decline in a given country, its currency is likely to decline.

But then in April of 1985 the dollar began a sharp decline. The dollar's trade weighted value fell 23 percent in just 12 months and by a total of 37 percent by the beginning of 1988.

For us in England, the relative value of the pound against the dollar, that has a huge impact on how easy it is to get our films made in the U.K.

We are now preparing for the reform of the yuan's exchange rate system. For such reforms to take place, we need good economic conditions... and we need to do it under tight control.

After the maxi yuan depreciation of 1994 and until 2005, exchange-rate fixity was the order of the day, with little movement in the CNY/USD rate.

The Fed Note is essentially unsound. It is the worst currency and the most dangerous that this Country has ever known.

The most important quality of a currency is its stability.