The editorial, “Decking up the rupee” ( Business Line , July 29), makes relevant and pertinent observations.

While all of us are aware that the RBI has been desperately trying to tweak with bank rates, repo rates, and so on, since April 2012 to curb inflation, it failed to do so. The primary reason is lack of coordination between the RBI and the Centre.

Now, the focus of the RBI in adjusting bank rates has changed to “correction” of the sliding rupee value in relation to the dollar. Earlier, it was reining in inflation; now, it is curbing rupee depreciation.

What the RBI needs to understand is that without correcting the unprecedented galloping inflation, it cannot successfully correct depreciation of the rupee. Moreover, it is unfair to resort to the ‘blame-game’ as this is not an isolated case in the global currency scenario. Ashok Jayaram

Bangalore

Better governance

As a first step towards breaking the jinx of recession, a thorough analysis of the flagging economy is needed. In fact, natural factors such as vagaries of the monsoon and floods can play havoc with sectors such as agriculture and production.

The blatant failure to implement stern economic rules is the root cause of the mess in industries. As a result, all kinds of financial frauds have popped up now.

According to Alfred North Whitehead, ideas won’t keep; something must be done about them. India Inc, therefore, should chart out strong strategies to handle all economic issues head on. Also, the country’s business houses are in dire need of encouragement and boost from the Government.

The Government should be more generous in matters of financial assistance and tax benefits for the corporate world.

P. S. Saravana Durai

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