Every one things that rising rupee only affect It sector only. It affect our export from agriculture to textile. I am now in a foreign country and buying onion exported from India 1.8$/kg in the market. If rupee equals say US$(1US$=1 rupee), then the country importing onion should pay 70$/kg and for what rate they will sell in their market? How they import from India? Same way no FDI will come to India. With rising rupee the local production cost should come down.ie.the onion shuld available for 1Rupee/kg. This is for example. And also NRIs will be badly affected. For common man it is not going to create any differnce unless local price is reducing. So dont guess strong rupee as an indication of Indian Economy. lot of other factors to consider.
