I don't know why media is making a huge cry over a minimal appreciation of rupee. Its a fact that more dollars are comming to india to India and rupee will appretiate.
Why should govt devalue the rupee which causes inflation so 40% indians will starve (media is not bothering about their life instead is much bothered about the loss to Premji,Ratan Tata and Narayan Murthy).
Think what will happen if govt devalue rupee and make 1 dollar = 60 Rupees. The salary expectation of people will increase... Which will lead to higher salary among upper middle class and above. They only will be able to survive in cities... Just an example in bangaloe its difficult for a person with a salary of 10000 rupees per month to survive with family.
