I am sure the finance minister knows whats going on and the RBI too. There has to be a reason for not doing anything about the rupee strength. There is a misconception among people that India is getting better with rupee getting stronger and dollar getting weaker. But looks like its hurting Indian business in a negative way than positive. India GDP growth is expected to be at around 8 to 9% in spite of rupee's new value. Keeping rupee at a lower value brings more investment to India and more business also. Look at China, thats what they have been doing. Rise in rupee and fall in dollar helps American business's rather than Indian businesses. I was in Indian in June and I did very little shopping due to high prices. I spent all that money in US which was much cheaper. The clothes, electronics are way cheaper in US with good quality than here. A nice shirt in Bangalore costs Rs. 2000 = $50 and a better shirt in US costs only $25. So I am sure there must be a reason why the Finance Minister is mum about this issue, but I think something needs to be done.
