With an overvalued rupee, there are no good policy choices.

The national currency of the Seychelles is the Seychellois rupee.

A depreciated rupee should help revive Indian exports and lift growth.

Or, for that matter, why not include the Russian ruble or Indian rupee?

Amid weakening competitiveness, the rupee was propped up by increasingly unstable foreign sources of funds.

To dampen the additional inflationary pressures implied by a weaker rupee, more aggressive fiscal retrenchment is needed.

Yes, India s economy has slowed sharply, the rupee has plunged, and scandals and protests dominate the headlines.

And the Indian government played a large part in fueling rupee appreciation by easing companies ability to borrow abroad.

There are also claims that militants operating against India are funded by fake versions of the 500 rupee note.

In fact, they do not even see any of the 30,000 rupee (2.5 euro) per camera surcharge that, on top of the 15,000 rupee (1.2 euro) entrance fee, the guards of this natural reserve charge to tourists who come to photograph the volcano and their human mules.

Even so, a depreciated rupee will increase the burden of repaying foreign debt, and deepen the woes of domestic companies and banks.

The International Monetary Fund, which now supports selective imposition of capital controls, seems unconcerned the rupee, its annual review concludes, is fairly valued.

CA But if it's a 3,000 rupee, 70 dollar bribe, what fee would you have to charge, and can you actually make the business work?

Emergency services like hospitals and transport operators will continue to accept old 500 and 1,000 rupee notes for payment for 72 hours following the announcement.

India, for example, has eschewed currency intervention thus far, even while opening up to long term rupee debt inflows, in an attempt to finance much needed infrastructure projects.

PRINCETON The Indian rupee has weakened rapidly in recent months, with the exchange rate against the US dollar dropping by 11 , to around 60 rupees, since early May.

But put a rupee in front of them and they will serve up a round of bacon and ham while marrying a Kafir and swearing an oath to Satan.

Amid weakening competitiveness, the rupee was propped up by increasingly unstable foreign sources of funds. Traditionally, nearly half of India s trade deficit has been financed by remittances from Indian expatriates.

Two new 500 and 2,000 rupee denomination notes with higher security features will be issued in a few days time by the country's central bank, the Reserve Bank of India (RBI).

And, as India s external position deteriorated, the rupee became significantly overvalued between early 2009 and late 2012, trading in a narrow range while domestic inflation galloped ahead in a global environment of relative price stability.

In the evening of November 8, Indian Prime Minister Narendra Modi made a surprise announcement in a televised speech that 500 (US 7.50) and 1,000 (US 15.00) Indian rupee banknotes would be withdrawn from circulation at midnight.

A fall in the Thai housing market can cause the Thai baht to collapse in ways that could not have happened before a fall in the Indian rupee can cause a meltdown of the Indian stock market in ways inconceivable ten years ago.

Indeed, at a time when restricting access to short term international funds has acquired intellectual respectability, the government s reluctance to enforce curbs has been puzzling. The International Monetary Fund, which now supports selective imposition of capital controls, seems unconcerned the rupee, its annual review concludes, is fairly valued.