Rising rupee can be used to pay off foreign debts. We can buy currency from the market and reuce the foreign debt. we can close some small deals. also, we can have dollar kept with us for any emergency situation. It might be possible that dollar might be quite high at that time of emergency and same amount of currency may cost much dearer in Indian Rupees. Also, as stated by Petroleum Minister, there is no need for price rise of fuel. When the price was last raised, with $75 a barrel, rupee was at around 45 Rs/Dollar. Now it stands at 40 Rs/Dollar. Govt should think of this aspect.
