ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Trade and Environment The GATT Perspective

the Soviet Union since the rupee was being devalued frequently against the basket of hard currencies. But the interests of both countries would have been better served by arriving at a realistic rupee- rouble exchange rate with the Soviet Union providing for fluctuation of the rouble value also in relation to the same basket of currencies. Instead the former Soviet Union preferred to continue with the unrealistic fixed rouble-dollar exchange rate.

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