I do not agree with your views. Rising rupee effect is more than just paying oil bills. I think India should peg the currency value the way China does. That will boost our exports. As long as our exports are growing we will be able to pay for Oil bills. To tame the inflation govt. can pump in that extra money into giving subsidy on petrol, diesel etc. The difference is so huge they can give subsidy to farmers and on transportation that will bring down inflation.
