1) FX intervention
2) Tighten liquidity further by:
3)Raising banks’ statutory liquidity ratio of 23 percent
4) Further reducing how much banks can borrow from the RBI under the daily repo auction
5) Reducing the amount of funds RBI provides to banks under the export refinance scheme at the repo rate.
6) Bond sales via open market operations.
7) Raising banks’ cash reserve ratio, now at a record low 4 percent
8) Raise the policy repo rate, currently at 7.25 percent
9) Provide a dollar-window for oil firms to pay for imports
10) Buy oil bonds from companies by paying dollars
11) Ask exporters to convert FX dollar holdings immediately
12) Ask importers to delay or stagger dollar payments
13) Curb speculation by cutting net open position limits
14)Persuade banks and financial firms to raise funds abroad

1)Raise foreign investment limits in debt
2)Increase duties on non-essential imports, like electronics
3)Attract money from Indian citizens abroad, or issue sovereign debt
4)Announce additional fiscal, economic reforms

Source  moneycontrol.com