What is US Dollar rate in india?

Will interest rate, dollar cost rise in india over next few years irrespective of whatever efforts RBI takes?

• According to following article : http://www.thehindu.com/business/Economy/india-has-to-repay-172-billion-debt-by-march-2014/article4860979.ece India needs to pay 172Billion of debt by 2014, which accounts for almost 60% of India's foreign reserve. Although new foreign debt can be raised to pay of current debt. Considering the current economic situation what cost (interest rate for govt bonds, opening up FDIs, etc, other socioeconomic, political policy) will India have to pay  over next few years to sustain economy ?  We have already increased FDI limits in around 10-12 sectors to attract FDI.

• Answer:

  Logically to be seen, interest rate should have been reduced as the current situation is fundamentally a cost push inflation. Following measures should have been taken 1. Reduce interest rates 2. Increase public expenditure by creating necessary infrastructure 3. Buy Govt bonds and Securities from the open market 4. Increase production and supply by giving boost to manufacturing sector But what we are all seeing is a complete different approach taken by the Govt because Govt do not have necessary funds to take the right steps. Most of the Govt revenue has been spent on social and welfare spending which has led to stagnation in infrastructure. Therefore, over the next few years we may see the situation further worsening.