... I am still toyin bet 60D which was body only around 48k, but apprehensive about the lens price rise. But Nikon might follow suit and may increase price too right?
Perhaps you should park the idea of choosing between the D7000 and 60D for a bit. Both are good bodies. Why not study your needs for imagemaking, looking out for the next five or so years, and determine which lens lineup matches that the best?
Also keep in mind that if you want to use other-brand glass in manual mode, the Canon will support that activity better. Have you held the Canon 60D and Nikon D7000, comparing how they feel and how their controls are situated? That could be a factor.
As to the prices, nothing happens in a vacuum. If the Rupee/Dollar/Whatever is falling, one might reasonably expect that prices will go up. Why would a company want to place itself at a disadvantage with respect to the competition unless there was some economic force pressing them? IMO, those two companies' products are too evenly matched for either to think it can price itself up much without the other one taking up the slack in short order.
If I were a betting man, I would bet that Nikon will raise their prices too.