RE:What is Rupee rise?
by Baapu on Jul 25, 2007 08:17 PM
Karthik:
Appreciate your detailed response. But still its quite confusing that why do we say "Rupee Stronger against dollar" if we exchange it for 40 not 45. Since the value has come down & we are exchanging dollar for lesser amt, we must say "Rupee Weak against Dollar". This is my point of view. And if Re. rises or strong against USD..I understand Exporter like big daddies TCS, Wipro n all will have adverse affect. But how Importer will get benefit from it?
Would appreciate valuable comments from Experts. Thx
