Indian Rupee Going to where?

Whether our rupee is depreciating or participating in high jump contest. Prime minister says we have the capacity to deal with the challenges facing our currency. But global expectations are different one, they expect Indian rupee will pause its journey at 75/-. See below the exchange rate of Indian rupee during the last three years. (Courtesy-RBI Website)

	Dollar	Pound	Euro	Yen
30-08-2010	46.84	72.77	59.67	55.13
30-08-2011	46.01	75.42	66.69	59.98
30-08-2012	55.64	88.12	69.00	70.78
30-08-2013	66.58	103.34	88.16	67.83

See the great change happened to our rupee during the last three years. Whether our policy makers and financial expert are not able to tackle this issue? Whether our leaders are inefficient? Whether our Central Bank is blind? Is only Indian currency loss its value? Statistics shows like that.

Is our rupee is going in wrong direction? Certainly we can say that rupee is not in a right direction. Unfortunately there is no one to guide or lead it. What Mr. RatanTata said is correct “Thereis a lack of leadership in the country to lead from the front,".

This value depreciation of Indian rupee will cause hardships to the common man in our country. They have to suffer a lot. The entire burden will shoulder by the common man.  So the Government has to take steps to at least stop the deterioration of the value of Indian rupee. Government often proudly says that the rupee recovered against fall.  It is a false claim because rupee gains ten paisa after losing three hundred paisa. It is pathetic to say that leaders are cheating the country. It is a time to a rethink.