What else could be making news at this point, Some god man being arrested over a molestation charge? Well yes and no. Yes to the fact that there are bigger news, and No, No to all godmen and fake leaders in the country. Congratulations. We've managed to hit rock bottom. Not of our bottles of whisky and rum, but of our currency, which holds nothing to any other at this point. I did a remittance of some amount recently. The difference is now (within a week), nearly 9000 Rs per Lakh. i.e. I would have gotten 9000 INR more for every Lakh that I sent last week. So with a drop of nearly 10% is there anything good about it? Unless you've been stocking up on traveler's cheques, or dollars/euros/ etc etc. Nothing. From here, to where? only time will tell. Sad day for our country, our economy, our show of might and also of our leaders, policy makers. Probably they can try taxing something that's not been already taxed. Ever since the import duty on Gold has been hiked, there has been a marked increase in the smuggling of the precious metal into the country. And these are the ones that get caught. How many slip by, no one knows. Let the country buy gold, atleast when the prices go up, we'll be holding onto something valuable. Not anything that keeps deflating. This time last year, the Rupee was at 55 Rs. It's just about 10 Rs more this time around. That's nearly a 20% hike in the cost of everything in the global market for us.