W320 Towards $5/Pound : This Time Exporters should Thank Rupee Appreciation

This entry was posted on Saturday, April 29th, 2017 and is filed under Cashew, Cashew Market, Cashew News, Cashew Prices, Indian Forex.

Usually, exporters make lobbying for the currency depreciation. They earn more in the exchange market when their domestic currency decreases in value against the US Dollar. But this time the trend has reversed.

Kernel exporters are getting more than proportionate increase in the unit price. 

Indian origin W320 is moving above $4.90/Pound.

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Filed Under: Cashew, Cashew Market, Cashew News, Cashew Prices, Indian Forex