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RE:Appreciation of Rupee
by ASHOK on Apr 28, 2007 04:35 PM

Simple Remedy is to reduce duties on gasoline and Diesel.
1)Automatically Inflation goes down within INDIA.Productivity goes up. Cost of Production goes down.
2)Foreign Exchange reserves balances (No point loocking them in US treasury and letting US use it at a paltry interst rate to India)
3) Rupee / US doller rate will stabilise.
4) Ruling party gets the pat on the back and ofcourse votes.
5) Buy power plants ( Nuclear & Gas based) on Turnkey basis.




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The great Indian rupee trick