For Indian exporters its time to disco

Exporters in India are having a party as rupees hits the 44-mark against the US dollars. The exporters were since long praying for the rupees to touch the 45-mark against the US dollars as weaker rupees bring higher profit & net margin for them.

On the other hand the importers are crying as this will bring lower profit & net margin to them. The importers will have to import the products at higher price.

In the Inter-bank Foreign Exchange market the Indian rupees quoted at Rs 44.10 against the US dollar. This quote was a more than 17-month low.

If the rupees remains stable in 44-45 range against the US dollars then Indian exports will grow by around 30% and more people will start exporting goods & services.