Letters to the Editor dated July 10, 2026 - The HinduBusinessLineSENSEX 77,569.39+ 67.27NIFTY 24,206.90+ 244.10CRUDEOIL 6,847.00 -7.00GOLD 143,768.00 -1,532.00SILVER 222,920.00 -3,457.00SENSEX 77,569.39+ 67.27NIFTY 24,206.90+ 244.10NIFTY 24,206.90+ 244.10CRUDEOIL 6,847.00 -7.00CRUDEOIL 6,847.00 -7.00GOLD 143,768.00 -1,532.00'; } document.getElementById("lgdv").innerHTML = htmlElements; } function numberformat(i) { return Number(parseFloat(i).toFixed(2)).toLocaleString('en', { minimumFractionDigits: 2 }) } async function gatherResponse(response) { const { headers } = response; const contentType = headers.get('content-type') || ''; if (contentType.includes('application/json')) { return await response.json() } return response.text(); } function getWidth() { if (Math.max(document.body.scrollWidth,document.documentElement.scrollWidth,document.body.offsetWidth,document.documentElement.offsetWidth,document.documentElement.clientWidth) > 991) { document.getElementById("mob").style.display = "none"; document.getElementById("lgdv").style.display = "block"; } else { document.getElementById("mob").style.display = "block"; document.getElementById("lgdv").style.display = "none"; } } getWidth();]]>Updated - July 10, 2026 at 09:04 PM.Rupee gyrationsWith reference to the article ‘Why currency stability is important?’ (July 10), currency stability is crucial because it protects purchasing power, encourages foreign investment and helps business plan.Over the last 12 months the rupee fell roughly 11 per cent. High global energy costs and capital moving to safer assets caused this drop.A weak rupee makes electronics and oil imports more expensive. It is the RBI’s job to maintain currency stability.P Victor SelvarajPalayamkottai (TN)‘Why currency stability is crucial’ (July 10) is well articulated. It succinctly argues that a weaker exchange can no more be considered a favourable input for promoting exports. The writer rightly mentions that the costlier imported inputs partly negate this benefit.Another aspect is that the overseas buyer can easily calculate the rupee benefit accruing to the Indian seller due to the weaker rupee and ensure that the India exporter does not gain.In addition, if Indian exports are only competitive due to a weaker rupee, there is much rethinking to be done.V VijaykumarPuneRBI holding firmThis refers to the Editorial ‘All clear’ (July 10), the agreement between European regulators and the RBI is a quiet victory for India’s financial standing.For two years, European banks faced higher costs to clear their investments through India’s main clearing house because the RBI refused to let foreign regulators oversee Indian systems. The RBI held its ground, and now Europe has accepted that Indian rules are good enough. This means cheaper transactions for European investors, which should bring more money into Indian bonds.At a time when foreign money is leaving our stock markets, this boost for debt investments is welcome. But the deeper point is simple: India can play by global rules without surrendering its own authority.Babu CrishnaBengaluruCritical mineralsApropos ‘The minerals gap India cannot afford to ignore’ (July 10), it is concerning that India’s mineral partnerships remain limited even as demand for critical minerals accelerates globally.China’s dominance in refining, not just raw extraction, is the real chokepoint as the article rightly highlights. Signing more bilateral agreements is welcome, but analytical capability and consistent follow-through matter just as much as. India should prioritise investment in domestic refining infrastructure while simultaneously securing long-term supply contracts with resource-rich nations.SP Suganya DeviCoimbatorePublished on July 10, 2026Sign into Unlock benefits!Access 10 free stories per monthAccess to comment on every storySign up/Manage to our newslettersGet notified by email for early preview to new features, discounts & offers${ ind + 1 } ${ device }Last active - ${ la }