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RE:Rising Rupee Does not Hurt Us!
by Natarajan Vijay on Jul 25, 2007 10:39 PM

Buddy, I am not "jolous" of the guy who earns more. Let software engineers make all the money they want in the free market. I even think that it is unfair to tax the rich heavily since their excess money could be used for investment which may create jobs. I am only saying that it is unfair to subsidize software engineers (or anybodyelse) with other people's money.
I welcome RBI's decision to appreciate the rupee. But they should let the rupee float. What exactly is their policy anyways? Nobody knows? Are they targeting inflation? Or they following monetary aggregates? Will they let the rupee float..if not, what is the range that is acceptable to them? This institution has no transparency! You want us to blindly accept their wisdom! I am not cattle or sheep. I need answers!

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The above message is part of the Discussion Board:
Rupee rise: How you are affected