On Imported Books

For booklovers who buy imported editions (like me) , Rupees 49 to a dollar is not happy news. Generally, the GOC rate (Good Office Commitee at Geneva) sets the conversion price when you pay in rupees. This is usually at Rs.2-3 premium. I have been tracking this price since 1989. They meet on 15th every month to decide the rate but in last 10 yrs, the rate has been revised under adverse currency fluctuations out of turns only twice - which happened 2008 and 2009. I think we are getting there again - Lehman moment. For a few dollars less.