Thursday, 22 August 2013

How to regain the power of the rupee?



Well recently it has been a hard time for the Indian rupee, where it has reached to a high level of 63.13 INR against 1USD. Measures that are taken by government and the RBI has no other positive results than making the market crash. The ways that the government has tried out here is just based on pure economics. But, the government of India and RBI should be aware that  not all Indians are good in understanding the economics strategies and measures of RBI. Since only20% to 30% of  understand the and follow it measures taken  by them and they follow it. Let us now see in datable about what the government should be doing to control the volatility of rupee?

The Volatility of rupee cannot be scrubbed so easily, but it can be brought into a solid level that perfectly places the economic situation on track with positive growth. First I request the government officials stop using too many cars, if you feel that you're insecure without a car than don’t come forward to lead the nation or head the organization. There are many ways that you can protect yourself, So try all those moral ways. There are may be many reasons for you to fear that may include fear of getting killed, fear of being attacked by mob. I accept all the reason for getting feared but you should be ready to tackle it.

How to tackle rupee fluctuation?

Once of the major concern for high volatility in rupee is due to large import of oils. If, oil import is reduced than the rupee can regain back its strength in a shorter time. But, oil imports are not going to be reduced unless people try alternative ways. To overcome what the government has to be doing is bring in more advanced technology travel options for the public. For example, there are many people using too many vehicles, instead you can provide them one of the safest travel options by making them all to travel in Buses. By using one bus, you can reduce the use of petrol or diesel. Why most of the people don’t prefer to travel by bus is insecurity, poor service and many more other factors. To know why people are not using bus, you can take a survey.
Think twice before you take any measures since, the measures you take should be understandable to the common man and create awareness to him or her.

When government is ready to take action on people for poor reasons like posting updates like, you can take an example of recent arrest of the girl in Mumbai for posting status on the bandh in mumbai during the death of the Pal Thackery  on social media sites.



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