If the government is serious about solving the foreign exchange crisis, Dr Swamy demanded that it should ask the people at the helm of affairs to return the deposits they made in foreign banks. According to him, the UPA regime’s large scale corruption leading to steep fall in rupee fall in exchange rate with dollar.
Recalling that out-going Reserve Bank of India (RBI) governor said it was not bank’s functioning but government policies leading to economic crisis, he suggested that RBI should take initiative to sell at least USD 20 billion of its foreign reserves to tame Dollar. "They should do it in one blow so that it comes down to Rs 50 (per dollar) in which ways all these profiteers will lose their wealth," Swamy opined.
He also alleged that the government of India is allowing rupee fall to benefit son of a cabinet minister who is operating punting from Singapore.
Referring to media reports that RBI is discussing with banks on how to convince temple trusts to deposit their hoard of idle jewellery that could be converted into bullion, Dr Swamy warned that the BJP will oppose government's reported move to take into possession the gold belonging to some temples in a bid to mitigate the crisis caused by the yellow metal.