Problem of the rupee : its origin and its solution

Table of Contents: 1. From a Double Standard to a Silver Standard 2. The Silver Standard and the Dislocation of its Party 3. The Silver Standard and the Evils of its Instability 4. Towards a Gold Standard 5. From a Gold Standard to a Gold Exchange Standard 6. Stability of the Exchange Standard 7. A Return to the Gold Standard

This book covers the history of the currency in British India from 1800 to 1893. It examines how the gold standard was transformed into a gold exchange standard and how this led to the creation of the Reserve Bank of India. The author argues that existing treatises on Indian currency do not provide a comprehensive understanding of the circumstances that led to the reforms of 1893, so a broader historical sweep is needed. The book offers a general overview of the exchange standard and its working, while avoiding repeating what has already been said by other writers. Through this, it hopes to give readers a perspective to judge the issues and solutions presented in the currency crisis.