Indian Economy

The latest eye-catcher in todays economy is that of the rise of rupee against the US dollars.But this affects the industrialists.Some of the top Indian Businessmen seek the government's intervention to break this jinx because they are affected by this steep rise in their exports.The Indian Currency has almost risen 12% in this current economic calender year adversely impacting sectors like software,textile and leather products which are largely associated with exports.This rise would further be increased in the forthcoming years as the Indian currency is amongst the stiff competitors not only against the US currency but also against the whole basket of world currencies.
Recently the central bank of India intervened this rise as the indian currency hit a 9 year high of 39.32 against the US currency.Most people predicted the rupee to increase in the forthcoming week owing to the dip in the global oil prices. Is this rise is good or Bad?????? the time will tell.......