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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