The appreciation of Rupee is much needed, how long can we look at small timers? we need to look at India as a whole, this appreciation is not going to affect India... It would make India stronger.
India's close rival China, RMB which was 8.30 to 1 US $ is now at 7.6 RMB, thus our appreciation dosen't boast competition as mentioned by the writer of this article.
Also, govt should try to maintain this stream, only when Imports becomes cheaper, local producers will look into quality and competitive price model.
See those giants profits all have 20 to 25% Net Profit, let them reduce and try to be competitive, end of the day, END USER SHOOULD BENEFIT.
