(2008): “Price Indices and Inflation Rates”, Economic and Political Weekly, 43(26). 8  BIS Review 5/2010
Finally, let me briefly recapitulate some of more important issues. a. In foreign exchange market, as in any other market, freedom is the default and any restraint by way of regulation has to justify itself. The regulation has to be based on sound economic principles and not on dogmas or evangelism. b.