Friday, April 16, 2010

The business of dollar v/s rupee

The business of dollar v/s the rupee is looking grim, as there has been a further deplettion in dollar as far as the value of the ruppe is concerned.
The rupee is getinng stronger, and everythime the ruppee rises and the dollar falls, it affects the exporting community to a large extent. The rise of the rupee means that the exporters will recive less amount than they bargained for. Especially hit are those exporters which have aldeay booked orders, but are still to recive payments.
On the other hand the dollar falling against rupee means that the importers gain, for now they will be able to get out much more aginst much less. They have to pay less, and they get more, and this really benefits them in the longer run.
The business of dollar vs the ruppe is a very finely balanced thing, which can distrub the trade now and then