After months of trying to correct the rupee devalution situation by appreciating the rupee (almost to 39 Rs to a USD), the RBI seemed to exercise damage limitation to the exporters' community by marginally depreciating it. Like a swinging pendullum, the rupee has slowly started the appreciating trend again since this week began. Being an exporter, basically the question I ask in trepidation is - "what's next?".... Will the appreciation continue or can I expect a downswing just around the corner???
