RE:Dollar Rupees ratio
by Nitin Shandilya on Oct 26, 2007 06:01 AM
Chirag:
The Upside to your argument is that the domestic purchase cost of imports, most imp, Oil, cost of which is rising, would be cheaper.
I comply that Dollar export oriented units would be hurt, but what about Euro/Yen/Pound/Canadian dollar / Brazilian Real based export.
Also, Strong Rupee would force the economy to domestically improve and be less export dependent economy, like US, where almost 75% of the economy is consumer based.
