The rand generally also depreciated against most of the other major currencies, but to a much lesser extent than against the dollar. As a consequence, the weighted average value of the rand declined by about 7% during the first nine months of 2000. This decrease was much higher than the inflation differential between South Africa and its main trading partners and competitors.
But, in India, data on organised sector employment, as obtained from employment exchanges, cover a very small part of the workforce. Against this backdrop, timely and accurate information on employment conditions will enhance our understanding of inflationary dynamics in the economy, and thereby improve the conduct of monetary policy. Conclusion I realise that I have covered a wide canvas.