1) because
rbi ( our govt ) has run outta money due to heavy lending.
2) fdi's are moving out of
INDIA3) banks have lent too much money
4) in order to retain some money from phirangs ( fdi's) ruppe value has been increased from 45 to 40. this means phirnags will loose about 9 percent. this may de-motivate them to immediately pull out money.
5) bottom line: one way to stop fdi's to run out with their cash bags.
6) its all by design thanks to rbi