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Q.

Indian rupee value is decreasing against Dollar$..who will benefit from it and who will lose from it..I have read NRI's will be happy when rupee value goes down..Plz your opinions:)))

Tags: money, nri, plz
Asked by vivek, 01 Jun '12 06:24 pm
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Answers (7)

1.

NRi banking is always help
Source: http://www.yesbank.in/index.jsp?navigationUrl=/YES Bank Repository/en/Branch Banking/Global Indian Banking - NRI
Answered by ovee araya, 21 Dec '12 07:54 pm

 
  
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2.

Exporters will definitely benefit from it. In fact many countries want to depreicate their currency. USA is pressurising China very hard that US Dollar should depreciate against Chinese Yuan and I guess that Chinese Yuan, HK Dollar and Japanese Yen have been only three Asian currencies that have appreciated against US Dollar.
It's not about NRIs being happy or sorry. It's just a situation, as per which people need to work. Indian had not returned back to India, when the conversion rate had reached INR 38.00/ USD 1.00 five years back.
Answered by manish varma, 02 Jun '12 08:11 am

 
  
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3.

Oil producing/exporting countries.
Answered by Kanai Chakraberti, 01 Jun '12 07:45 pm

 
  
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4.

U hve answered ur own qst
Answered by QUEENIE ELLY, 01 Jun '12 06:59 pm

 
  
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5.

NRI who r sending USA $ will get more INR.The exporter will get more benefit n importer will lose.The Govt. will incur huge loss as it imports crude n technology for the country.
Answered by Damodar Biswal, 01 Jun '12 06:57 pm

 
  
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6.

That is true
If you observe in terms of international trade, commodity prices are crashing at international level.

Importers are trying to accumulate dollars, as they have to pay in terms of dollars and at the end demand is increasing against the rupee. This has not happened yet due to lack of confidence in all kind of markets.

Exporters have a very few orders from outside countries, so there is no matter of converting dollar into rupee thereby decreasing demand for rupee.

Besides the above-mentioned two reasons, there are many other reasons, which I would like share in the comments section below with you and others.

Now 1 USD is at 55.09 INR and expected to depreciate further due to RBI instructions to exporters and banks. The major gainers due to rupee down were Indian IT companies including BPOs, call center outsourcing, medical transcription outsourcing, and Indian content writers, especially Indian Adsense publishers who also earn in dollars.
Answered by jameel ahmed, 01 Jun '12 06:28 pm

 
  
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7.

NRIs and Exporters will be happy but the Importers may not be, so also the Government
Answered by rajnikant raiyarela, 01 Jun '12 06:27 pm

 
  
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