For all those crying out loud that the exchange rate dosent matter, appreciating rupee is good, even thought you dont care about it, it works for you. One simple example is petrol, with a stronger rupee you are paying less to import it, in the same way all imports cost less and its all the dynamics of what u export and import . If u are living in an isolated world without any trading with any country and u are self sufficient then sure u dont need to care for the exchange rate.