Depreciation benefits exporters and other dollar earners, while it weighs on the debt burden of borrowers in foreign currency and increases the input cost of importers. I hear some murmurs, even see some quizzical looks. Well, let me borrow a phrase from Stan Fischer when he spoke at Jackson Hole over the weekend.
*  *  *  It is a real pleasure to be here today on the occasion of the Silver Jubilee Inaugural Function of the Reserve Bank of India Archives (RBIA), earlier known as the Central Records and Documentation Centre (CRDC).