THE PROBLEM OF THE RUPEE - Page 536

STABILITY OF THE EXCHANGE STANDARD 521

TABLE XL

Date Rupee Prices in India. 1913=100 Sterling Price in England (Statist). 1913=100 Average Rate of Exchange London on Calcutta Rupee- Sterling Purchasing Power Parity . Col.3 16d x Col.2
(1) 1920. January ... February ... March ... April ... May ... June ... July ... August ... September ... October ... November ... December ... 1921. January ... February ... March ... April ... May ... June ... July ... August ... September ... October ... November ... December ... 1922. January ... February ... March ... April ... May ... June ... July ... August ... (2) 202 203 194 193 190 192 196 193 188 188 186 179 169 164 162 163 170 172 171 178 178 178 173 169 162 159 160 160 162 169 170 166 (3) 289 306 301 300 298 293 282 263 244 232 215 209 200 191 183 186 182 176 163 161 157 156 161 157 156 156 157 159 159 160 158 153 (4) d. 27.81 32.05 29.66 27.88 25.91 23.63 22.63 22.75 22.31 19.88 19.69 17.44 17.66 16.31 15.53 15.75 15.44 15.53 15.38 16.25 17.22 17.02 16.25 15.94 15.88 15.59 15.34 15.19 15.59 15.63 15.69 15.66 (5) d. 22.89 24.12 25.40 25.95 25.77 25.08 24.49 24.70 24.94 24.00 22.62 21.81 21.96 20.98 20.40 19.63 17.98 17.14 17.40 16.36 15.82 14.65 14.89 14.86 15.41 16.70 15.70 15.90 15.70 15.14 14.87 14.74