Is devaluing rupee a UPA legacy? Who gets benefits from falling rupee? Nation@9

In 1992, a Hungarian man named George Soros took one of the biggest ever financial bets. He went short, which is to say bet against the British pound to the tune of 10 billion dollars. He was taking a huge position that the pound as a currency would collapse. On what is now known as Black Wednesday, the pound went below it's committed benchmarks, john majors conservative govt was forced to withdraw the pound from the European exchange rate mechanism. George Soros made an overnight profit of 1 billion pounds. Today he's one of the richest men in the world, worth billions. Was it currency manipulation for profit? The debate hasn't closed. Short selling raised huge concerns during the 2008 financial crisis, the u.s barring it for a short period of time. Why does that matter to us now? Let's look at some facts, India's GDP growth currently is at a 5 year high, expected to get better, our forex reserves are near all-time highs at greater than 400 billion dollars, our FDI dollar inflow is steady and stable annually at around 40 billion dollar, our stock markets are all at record highs. Yet the Indian rupee is not only performing badly, it's the worst performing large Asian currency? Why? This is what we've learnt. In a chilling expose in our sister publication the Sunday Guardian, deep sources have told us that a cabal is in operation to sink the rupee, for both profit and political motives. This we've been given to understand is being done by using otherwise legit exchange-traded currency futures to short the rupee from Singapore, Dubai to London and New York. At the same time, information wars are underway. Have you heard a lot of people suddenly suggesting that the rupee is headed to the 100 per dollar mark. A 40 percent fall even from it's current position? Are these people analysts, just speculators or have they been briefed or sucked into loose talk that feeds the two main things that drive markets greed and fear. In the end, something is worth only as much as people are willing to pay for it. If panic can be created that the rupee is going to tank further, more people will sell it, more than sell, more of self-fulfilling prophecy it can become. So what are we here to do tonight? First, do enough economic fundamentals exist to find the sudden fall in the rupee suspicious? Yes. Is everything related to the rupee fall a conspiracy? No. But is there information with us to suggest that part of the fuel to the fire is being willfully manipulated? Yes. Our job then becomes to inform the public of what we know, get various opinions and positions on it and the leave it regulators, the RBI and the government to examine what is, to what extent, conspiratorial work. What needs to be corrected with economic and fiscal actions and control, what in fact requires penal action and inquiries. That's what we're sitting here tonight to do, provide you the facts we know, the indications and information we have, the opinions on it, so you know that the number 1 bigge