A Rs at coversion rate of 40 gives an excellent opportunity to all the Big Wigs who are supposed to re-pay in USD. Like majority of Engg Industries, Pharma and Process industry this is the best time for them to re-pay the loan.
IT/ITES/BPO has an excellent margin not to forget they are the blued eyed boys for pushing the overall growth in India so they are the ones who will be least impacted.
Only the small time exporters who have minimal margin [Which is rarest or rare] might get affected if they are compiteting at a very low margin against other exporters.
The fact of the matter is all 33 major currencies world over have appriciated against dollar so in nutshell it should not even impact the small time exporters
