Letters to editor: Let the rupee to correct itself

Aug 22 2013, 02:44 IST
Comments 0
SummaryIn an open economy, most of the elements need to have their own course of movement and correlative corrections.

In an open economy, most of the elements need to have their own course of movement and correlative corrections. I agree with your edit ďMr Rajanís entry strategyĒ (FE, August 20) where you said that RBIís recent move to help the rupee is no boon to the economy. If the prices of most of the commodities are linked, with backward integration, to that of the input commodities, the demand will find its balance with the supply and price factors and would correct itself within a certain time-frame. This phenomenon has been reflected well in the case of gold. Such macroeconomic measures would put the daily pressure of running behind the rupee to rest and the system can be left on auto-run.

Vinay Singhal, Gurgaon

Make Railways safer

It was heartbreaking news that over 37 pilgrims including children were killed when they were run over a train in Bihar. The tragedy raises a lot of serious questions. Is it okay to boast that the Railways is one of the largest rail network in the world if it is definitely not one of the safest? Isnít it possible to place a speed restriction at places such as the ill-fated Dhamara Ghat railway station especially in the backdrop of the possibility of huge crowds crossing the tracks? Why does the Railways not pay attention to constructing even basic facilities like foot over-bridges and service roads? Donít we have the required technology and funds to improve the passenger services? Finally, whoever is found culpable for the Bihar train accident should be taken to task. The Centre should not brush aside this as Ďanother accidentí and instead must concentrate on improving the overall safety of the train commuters as soon as possible.

P Senthil Saravana Durai, Mumbai

Ads by Google

More from Edit & Columns

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...