Rupee Appreciation

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Title: Rupee Appreciation

Essay Details:

Subject: Business

Author: Karen M

Date: July 31, 2012

Level: University

Grade: A

Length: 4 / 994

Essay text:

Ben Bernanke has raised concern of a slowdown the US which led to depreciating US dollar. On the contrary Rupee has depreciated against Euro and GBP, so it won’t be prudent to say that the rise in rupee is purely based on growth in economy; it is also because of short term recession in US. Now we are a “Trillion dollar economy” surpassing Russia; we are world’s 12th largest economy. The forex reserves of country are around $ 200 billion (as on March 30th). Let’s have a closer look on how the importers, exporters and FII’s will get affected? IMPORTERS:-A BOON But all is not gloomy here as the “Rupee at nine year high” is a sigh of relief for importers in the country...

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