It is a well known fact that rising of rupee is an indication of growth of our economy. We should also see the fact that the growth of economy is mostly driven by service sector which is mainly export oriented. The negative effect on this sector may cause the pace of economy growth to slow down. As the rupee is rising more wrt dollar only than other curriencies so it would be better not to expose our ecomony to a particular coutry only. It will increase our trade risk due to high exposure to single currency (As in case of Dollar). So, our service sector should try to find more markets for export which will help them to improve their profit. It will also reduce their fluctuation in profit (will reduce risk). It will also reduce their cyclic nature of business (perhaps). So, not to be frightened by the rising rupee, but to work hard for finding new markets not only depend on USA. In this way our service sector will be able to cope with this single currency risk, will also help in reducing the power of buyer, can increase ecomony of scale and will generate more employment opportunities. Although giving suggestions is the most easiest part of the story and implementing them is the most difficult..........these are just my views and possibly would be implementable, the only hard thing to do is finding the new markets other thing will come by own. if we will be able to do that than rising Rs vs dollar will be a synergatic effect for growth of economy, as import cost will be low....
