This professor does not know anything about exchange rate. Indian economy is not doing well, it is obvious from the balance of payments deficits and particularly balance of trade deficits. Only the remittances of NRI is keeping India floating along with massive amount of short term deby India is pilling up. This is the reason Rupee is going up, just like Thailand in 1998 just before the collapse. China is keeping its currency at a very low level, so it is possible to keep a currency at a low level to capture all the markets of the world what China is doing. India is stupid China is clever. Do not go to USA to study, you get these type of stupid professors. You will learn nothing but will get a MBA, who cannot read a balance sheet. This is American education where a President cannot spell his mother tongue does not know any grammer of English although he got MBA from Harvard.
