The article aimed to examine the relative position of Indian rupee vis-a-vis those of some otherselected Asian economies (viz., China, Pakistan, Nepal, Sri Lanka, Indonesia, Malaysia,Philippines, Myanmar, Japan and Singapore) throughout the period from January 2001 toMarch 2021. These currencies have been estimated using nineteen functional forms and theselection of best-fit functional form was based on minimum value of Akaike’s InformationCriterion (AIC). The coefficients have been derived on the basis of the selected functional formand subsequently relative growth rates have been calculated at different time intervals. Thestudy brings out that the currency of Singapore has been the most-stable one, followed by thatof Japan and then of China. On other extreme, currency of Myanmar has been the most-fragileone, followed by that of Pakistan and then of Sri Lanka. So far as India is concerned, positionof its currency has just been mid-way, with a pooled rank of 5 in the group of 11 currencieswhich indicates moderate position of Indian rupee among the currencies that are most fragileone and most stable one.
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