ranjan

Money is not an organic creature but it keeps changing within the society and economic conditions. One rupee in 1947 is not the same one rupee today, both in terms of its purchasing power and appearance. As of today, amid a rise in Global oil prices, Geopolitical uncertainty and decline in the Rupee, fuel prices have witnessed a sharp hike across the country. Rise in crude oil prices has a direct impact on GDP. A weak rupee means a good market for exporters and the biggest loser is the consumer. Following steps may prevent further depreciation of Rupee and to make currency strong:- 1) Govt. should take steps to boost exports intensive sector and develop import substituting     industries to make India less dependent on Imports. 2) Deregulation of Interest rates on deposits from Non resident Indians. 3) Govt. should sell Forex reserves and buy Rupee as an immediate action to arrest decline      in Rupee. 4) Curb speculative trading. 5) Making Govt. bonds available to No