Dollar rising against Rupee : Good or Bad

Rupee weakening to a certain extent, i.e. to encourage exporters is good for the country. It will also benefit IT firms and tourism industry to a great extent. But the way rupee is depreciating at present , i,e at Rs.50 per dollar is harmful for the economy. Our imports including oil  are more than our exports. The import bill will be higher and will affect the bottom line of many companies. Further a weak currency will reflect poorly on the counrty in International markets. A weak rupee will discourage foreign investors also as the amount of dollars they would get at the time of repartiation will be lesser than what they have invested. Foreign travel for Indian residents will also be a costly affair now. In my opinion Rs.43 per dollar will be ideal level both for importers and exporters. RBI should take appropriate measures to bring the dollar to Rs.43.