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