One of the most visible signs of a strong economy is a stable currency. The slide of the Rupee against the dollar is continuing unabated. The rupee posted its biggest daily gain in three years on Friday, after Indian government confirmed it will not impose retroactive taxes on foreign investors. But, this still did not prevent the Indian currency from posting its worst quarterly performance in at least 17 years. The reasons for this downfall are many. India's large current account deficit. Eurozone's escalating sovereign debt crisis. Dollar outflows from Indian stock markets (BSE-Sensex lost 25% in 2011). India's deteriorating macro-economic conditions. The country's new taxation rules and reopening of old cases. To reverse this trend, India needs to put some key strategies so that the demand for Indian Rupee increases in the forex market.