This evening we shall have the data on the foreign reserve that India holds, it is time the RBI took a serious look at the reserve it holds in the light of what the FED'S have promised to do in early spring i.e. raise the interest rates. This will make the free supply of dollars evaporating and the what has come in will also vanish very soon.With the tapering being wound down, this would have an amplified effect on the currency movement.The current bullish wave will see the currency move northwards, however the RBI should and will use this opportunity to expand the war chest which needs to increase by 15 to 30 billion dollars and keep the rupee range below 60 marker.