Why the Rupee is rising

Simple, mid-term polls. The bad effects of a rising Rupee on the topline growth has a much higher latency than its benevolent effects on inflation. Of course the Government is practically pouring money into food grains to bring prices down.

This is a clear indication that mid-term polls will happen in early 2008.

This is also the reason the Government will push the 123 through. The Ram Setu will not be destroyed, sorry Kalainger.