Its good for the common man. Appreciating ruppee will help in restrictive RBI intervention of buying dollars from the market which will curb inflation to a fair extent. Imports will also become cheaper to control monopolistic practices in certain sects (Cement, Steel etc). Cheaper imports should also bring down the costs of cars and other medium-high end products. However, at the end of the day, the local industries dependant on exports will be constraint which might lead to downsizing in certain industries (textiles, SSI's, leather, etc)
