A motivated view. Obviously the writer represents the export lobby. He totally forgets that when the rupee appreciates, our huge imports cost less. The way to increase exports is to achieve competitive prices by bringing efficiency in the manufacture of goods exported and by improving the quality of goods. Both these areas are at present in a woefully sorry state.
The Rupee IS grossly overvalued and hyped up, mainly due to techhies remittances. We need to face realities of the world and let it float to its true value of about 90 to the $ and 130 to the £. Thanks, this is an honest, not RBI desperate stance.
