Five of them would still weigh less than a rupee coin.

To dampen the additional inflationary pressures implied by a weaker rupee, more aggressive fiscal retrenchment is needed. Even so, a depreciated rupee will increase the burden of repaying foreign debt, and deepen the woes of domestic companies and banks.

CA But if it's a 3,000 rupee, 70 dollar bribe, what fee would you have to charge, and can you actually make the business work?

And those of you who cashed your money here might be surprised to see how many scripts there are on the rupee note, spelling out the denominations.

You bring your water, you bring your soap, I wash the clothes for you. Charge 50 paisa, one rupee for you per lot, and a new business model can emerge.

To avert a disorderly fall, short term macroeconomic management requires officially engineered depreciation through administrative methods and restraints on external borrowing. A depreciated rupee should help revive Indian exports and lift growth.

Yes, India s economy has slowed sharply, the rupee has plunged, and scandals and protests dominate the headlines. But, behind the gloom, a new generation is taking over, bringing with it fresh ideas and visions for India.

That weakened the incentives for entrepreneurship. And, as India s external position deteriorated, the rupee became significantly overvalued between early 2009 and late 2012, trading in a narrow range while domestic inflation galloped ahead in a global environment of relative price stability.

India is running high current account and fiscal deficits food price inflation is in the double digits and the rupee has weakened. As for trade with China, The Economist points out that for every dollar s worth of exports to China principally raw materials , India imports three.

Indeed, at a time when restricting access to short term international funds has acquired intellectual respectability, the government s reluctance to enforce curbs has been puzzling. The International Monetary Fund, which now supports selective imposition of capital controls, seems unconcerned the rupee, its annual review concludes, is fairly valued.

PRINCETON The Indian rupee has weakened rapidly in recent months, with the exchange rate against the US dollar dropping by 11 , to around 60 rupees, since early May. As a symbol of India s economic strength, the rupee s fall has provoked more than the usual hand wringing and angst at home and abroad.

There is little time to waste in internationalizing the renminbi. Given the limited number of currencies that can serve as IVCs, the failure of the renminbi to achieve IVC status before, say, the Indian rupee, the Russian ruble, or the Brazilian real could mean that the renminbi is denied IVC status and that Shanghai fails to achieve 1 IFC status for generations, if not forever.