The only reason rupee is rising today is because PC is forced to take hard decision regarding Inflation that too because congress ended up with bloody nose in recent elections due to price rise.
Had rupee not apreciated inflation level would be at about 8 % just about enough to throw congress out of power.
All the factors mentioned by our beloved writer were present for last 5 years... so why NOW !.
Our Foriegn currency reserves were not built in a day ! and everybody had seen the situation, request not to be so naive.
It happens in India buddy !.
Now for the biggest scam how many people would have made billions due to sudden appreciation in Rupee ! ?
Stakes in Foriegn Currency in biggest Gamble in the world. How many win the sweep stakes ? !
