[Letter to C Rajagopalachari]

Summary

This one-page English telegram, dated 6 June 1966, is sent by Masani from Bombay to C. Rajagopalachari in Madras. Masani reports that he has accepted Indira Gandhi’s invitation to meet and discuss the implications of devaluation, and states that he broadly agrees with Professor Shenoy that devaluation is desirable only if inflationary policies are abandoned.

Key points

• Masani accepted Indira Gandhi’s invitation to meet.
• The proposed discussion concerns the implications of devaluation.
• Masani says he is in broad agreement with Professor Shenoy.
• The telegram presents devaluation as desirable only if inflationary policies are abandoned.
• Masani directs the recipient to his interview in that day’s Times of India.
• The message asks for Rajagopalachari’s suggestions.