Value of Rupee

Value of Rupee

Value of currency is inversely proportional to the degree of a leader's incompetence, policy of reservations, corruption, freebies, loan waivers, crony capitalism & sheer crookedness. These qualities are not the monopoly of any one political party, but have been the core values of all. Hence nosedive of Indian rupee from near parity with US $ in 1947 to precipitous fall to Rs 74 now. 

War ravaged countries like Japan, China, Thailand and many more have seen their currencies rise ever so often. In the 1980s one Indian Rupee was equal to 2 Thai Bahts. Now one Baht equals 2.22 Rupees. 

Anyone sneezes anywhere & our rupee catches cold! Why so? Is the quality of leadership post independence responsible for taking away the shine of our beloved Rupee? Conversely, have the leaders in the neighbourhood done better in managing affairs of their countries bringing economic prosperity with strong exports and currencies? Perhaps they spent more time at home for hands-on governance rather than lecturing at home & prancing on the international stage with world leaders for self promotion.

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