Sunday, December 23, 2012

The rupee is 60‰ undervalued according to the big Mac index

The Big Mac index

Burgernomics shows Switzerland has the most overvalued currency

THE ECONOMIST's Big Mac index is based on the theory of purchasing-power parity: in the long run, exchange rates should adjust to equal the price of a basket of goods and services in ...

http://www.economist.com/blogs/graphicdetail/2012/01/daily-chart-3

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