Goa, Jan. 2 -- BINAYAK DATTA

Is it a paradox? The Na tional Currency logical ly serves as the banner of the Economy. So again, logically if the Economy is strong, say a stated 8.2% growth for the Quarter, why should the currency fall 6% and calls for SOS for "Oxy gen" of about US$ 20biillion (between September and October). We shall see soon. The Genesis (in my view): Just Walk back; ever since 1947 (a bit of a masala for politicos sloganeering amongst each other). From Rs 3.30/- a Dollar in 1947, we are today the 5th larg est economy but the Rupee down to 90/- a dollar! Till 1966, (with a short interreg num) the Indian rupee was fixed at Rs13.33 to a British pound (roughly 4 dollars). Back in 1966, the Union Government "devalued" the ru...