Appreciation Of Rupee Value
By deep_enjoy
@deep_enjoy (237)
India
2 responses
@andyvish (901)
• India
18 Feb 08
In a nutshell:
Rupee appreciates in value - dollar value lessens. Means you can have lesser rupees against dollar.
For eg, earlier you would get 39 rupees per dollar, now you get 38.50 per dollar.
Means for imports you will be paying less and for exports you will be paid more because both the transactions will be in foreign currency.
Import will become cheaper and exporters finds easy importers because they have to pay less comparing past.