Indian Exporters Perplexed

This entry was posted on Sunday, September 11th, 2011 and is filed under Cashew.

The recent development in the Indian Forex market is perplexing exporters. Indian currency is continuously weakening against the US Dollar. The present depreciation is around 4-5% and the trend is totally confusing. Due to Forex gains some exporters are ready to sell at 2-3% lower prices . However some others don’t go by current Forex changes and think that the Rupee will bounce back.

Filed Under: Cashew