There have been many calls for an analysis of the Indian Rupee, which has recently seen a bout of weakness. I am often amazed at how importers and exporters alike are not able to take simple decisions about hedging at certain levels which make a compelling case for action. Perhaps they are misled by the cacophony of trader-like recommendations coming from banks and brokers that are seeking to get more deals on their books! Take a look at the three charts here, and you will see that any treasurer or finance manager should have been advised to act when the INR was near 44 levels. Ramki