It's clear now that there's no simple way to save the rupee. We are way past that.
So here's an unconventional, if flippant, look at what can be done to help the rupee in its hour of need.
10) Ban all import of hubcaps with a diameter of more than 1 meter in order to save foreign exchange, and announce it prominently so that this can become the lead item on prime time newscasts. If this doesn't work, we can add typewriters, fountain pens, 5-inch floppy discs, novels written by William Wordsworth and all paintings done by Steve Jobs to the banned list.
9) Announce that any government official caught saying "our fundamentals are strong" will be suspended immediately since every time someone says it, the markets take it as further confirmation that the government really has no clue and the rupee sinks some more.
Text: Business Standard