Determinant of competitiveness
India's social advancement is dependent on rise in productivity.
The Indian rupee has been on a rising spree this year. Beginning from historical lows back in December-January, when the rupee had almost touched 69 to a dollar, it has risen to a two-year high of 63.5 in the last few weeks. Simultaneously, there has also been a growing clamour of voices that are vehemently calling for a moderation of the overvalued rupee.