3)The problem lies in quoting prices in US dollar (since rupee was on downslide against US dollar for the last 50 years, continuously). All Indian exporters wanted to make extra-ordinary profits from rupee downslide.
4) On Purchasing power parity basis, rupee is still under valued by 60% compared to US currency. That means, it is still cheaper to buy Indian goods for most of the world.
Bottomline: Exporters need to export more to Non- US market, OR quote prices in currency other than US $. Either would take care of US $ downslide risk, which has not ended yet.
