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Can anyone suggest how to handle this situation of rupee appreciating and where the dollar is heading its hurting business
FRAME 2 FAME PRODUCTIONS
New Delhi, India
Free Member, Joined :07/28/2006
No of Topics Posted : 2
Reply/Comments : 9
Iwould suggest you go for forward cover for your orders in us dollars,your bank can give u more details about it.
Another option is try to negociate your future orders in indian rupee
Free Member, Joined :11/15/2001
No of Topics Posted : 1
Reply/Comments : 8
From what Mr Anil has written, I understand that you are talking about the rupee appreciation and it's effects on exports. If so, I have good news for you. The Union finance ministry is considering a suggestion by the commerce ministry to hike duty neutralisation rates to make up for the revenue lost by exporters due to the appreciation in rupee.
The commerce ministry will initiate serious discussions with the finance ministry and the RBI for enhancing the DEPB and Drawback Rates to four to five percent.
Another proposal in the backdrop of a fluctuating currency is that they may be paid interest on their Export Earners Foreign Currency Account at par with what the Foreign Currency Non-resident Account holders get.
Don't you agree that this will help the exporters to a certain extent.
Free Member, Joined :02/02/2007
No of Topics Posted : 122
Reply/Comments : 16
Do such schemes promises see the daylight ? incase they do its takes ages and by that time we have lost so much money
FRAME 2 FAME PRODUCTIONS
New Delhi, India
Free Member, Joined :07/28/2006
No of Topics Posted : 2
Reply/Comments : 9
With GDP growing at 9.4% ,inflation down to 5.1% i think RBIwill now concentrate on controling the rupee from appreciating
Free Member, Joined :01/29/2004
No of Topics Posted : 1
Reply/Comments : 9
Some information which i thought i should share
The foreign exchange reserves oF India rose by USD 3.43 billion to aggregate to USD 208.37 billion as on June 1. This is the first time in the last seven weeks that reserves have gone up by over a USD 1 billion in a week. The central bank intervened and bought a huge amount of foreign currency to stem rise in the value of the rupee.
HANSMEK INTERNATIONAL TRADING CO. LLC.
Dubai, United Arab Emirates
Free Member, Joined :06/10/2005
No of Topics Posted : 1
Reply/Comments : 6
The appreciating currency’s impact shocks the Indian
Exporters and importers.The Electrical and switchgear
industries products most effeted.The Indian
Competitors like China,South
koria,Malasia,Turkey,Taiwan,Hongkong,Indonacia,Singapore
still remain same.The Major products like steel,copper
and other metals the importers can purchase with US
Dollar and the effect looks Indian products cost may
increase upto 20percent?We hope the Indian Government
look the matter .
The Latest BBC report shows china makes to power
stations every week because of export demand ?
Free Member, Joined :06/09/2003
No of Topics Posted : 0
Reply/Comments : 1
When i checked the forward rate for us dollar i was geting rs 40.41 for spot and rs 41 for 1 year forward ,does it mean they expect the dollar to go up?
Free Member, Joined :01/29/2004
No of Topics Posted : 1
Reply/Comments : 9
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