Man, it is simple. It is the pace at which the rupEe is rising AND the capacity of the Indian economy to absorb such an increase. An increase of 10% in 6 months!!! Dude, take it easy! Food is good for health but you need to eat it a portion day by day and not overeat. A gradual rise in the value of the rupee will be beneficial. You don't want the Indian economy to go bust, right? Already the software companies who were really instrumental in the rupee appreciation are feeling the heat. I think we need to understand this - IT IS THE PACE -- I REPEAT -- PACE -- AT WHICH THE RUPEE APPRECIATES. The RBI is controlling the pace and not the actual appreciation. It is like the police monitoring the speed at which you are driving your car and not actually controlling your car? DO YOU GET IT?
