Sonia and Manmohan gang have been forcing Indian banks to support dollar by buying dollar. As everyone with elementary knowledge know that American fed is printing dollars like Monopoly game money. Thus supporting dollar is the stupidest idea. India is importing inflation by not letting rupee appreciate against dollar. Dollar is becoming a virus in the world financial system because these people keep printing dollars and most of the commodities are traded in dollars. America is killing dollar by its actions and any currency that is artificially pegged to dollar is bound to suffer and its value would go down. India should diversify its foreign reserves urgently and should also buy gold.
