I strongly disagree with your point of veiw. Today India is benefiting due to the Fundamental universal principal of "flight to quality". Service sector & exports over the last couple of years has given the indians the purchasing power they hold today. IT,ITES,services didnt grow untill $ came in and people in the west thought its the place to get high returns. You try leaveing India on its own without effecient investments and you can see all grwoth stories plung face down in near future.You can surely buy more of boeing with indian rs today but how long will that last, have you ever thought? I dont want to ridicule the efforts in Indians but maintaining these equations is more economicaly essential then political. Country like China also thinks about Dollar equation inspite of being a communist society & you wonder "whose side RBI is on?"
