Just to add All those people who are saying a 30inr/$ will increase you purchasing power ..here are some things that will actually happen.. 1- 1/2 of the people will lose jobs and People will stop getting hikes [the purchasing power of people will infact go down and heads will roll] 2- Indian and Chinese economy is still a fraction of US mammoth and dependent so much on US money (Check WB/IMF) Figures. 3-Check why the Chinese Govt is controlling their currecy (BTW US wants both Yuan and INR to appreciate a lot such that JOBS and competitiveness will move back to America and Asia will move back to its age old begging days. US is in fierce fight with the Chinese on this issue) 4-Economics will takes its way but a sudden INR appreciation [Not giving time for businesses to adjust/react/productivity increase] will see many other lethal harms which you will see sooner or later.
