Ideas to Save Rupee downfall

Rupee is trading near 69 and today after RBI intervention came down till 67 today.

Below are measures the RBI and govt could consider to protect the rupee:

• Dollar-window for oil companies: The RBI could open a dollar window for oil companies to buy dollars directly from the central bank instead of buying from markets, but it would drain foreign exchange reserves. -- This RBI implemented yesterday.

• Dollars for oil bonds: The RBI could hold auctions to buy bonds from oil companies, providing them dollars or other non-rupee currencies, but the outstanding amount of oil bonds is small as the government has been giving direct cash subsidy to oil companies

Asking exporters to..

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