True.I remember the Vajpayee ERA when Rupee grew by 5 rs from 49 to 44.
Indian Rupee | 1973-2015 | Data | Chart | Calendar | Forecast | News
But as i said the exchange rate depends hugely on the trade balance. Our IT and services sector along with almost all export based trade (like gem processing, handlooms etc) actually relish the fact that rupee remains weak as it helps them earn more in terms of Indian Rupee for every Dollar they earn.
Its the import part that hurts in this scenario and therefore it is important to diversify critical items (like crude) from sources which are ready to do trade in local currency. This helps in reducing the stress on FOREX reserve at certain times.