Tuesday 25 August 2015

Weak rupee gains for jewellery exporters

Gems and jewellery exporters are set to gain from the depreciation of the rupee against the dollar. The value of exported goods will swell the cash book of these exporters with the same amount of receivables. The rupee closed at 66.65 to the dollar on Monday due to a sell-off in global equity markets. Since August 11, the day China first lowered the value of the yuan, the rupee has fallen 3.60 per cent. The rupee has depreciated 5.52 per cent so far this year....Read More

No comments:

Post a Comment