1.   And the rupee is unlikely to depreciate by more than six percent each year over the next few years, say fund managers.

2.   The Indian rupee has never been weaker.

3.   The Indian rupee is one of the best-performing currencies amid the turmoil in Asia.

4.   The Indian rupee is unlikely to come under pressure as speculators sniff out vulnerabilities in Asian currencies, analysts said.

5.   The rupee has been the most stable currency in Asia over recent months.

6.   A good two weeks before the United Front Government resigned, the rupee was under similar unexpected pressure, losing spectacularly against the dollar.

7.   The Indian rupee is already convertible for current account, or trade, transactions, and for foreign investors.

8.   Presently the rupee is not convertible in the capital account, which measures the difference between inflows and outflows of capital, but only in the current account.

9.   Russia now insists on hard currency unlike in the past when the rupee was welcome.