Dont under estimate strength of rupee ,which is not good for export

Discussion in 'Ask A Query About Your Stock Picks And Portfolio' started by kharb, May 27, 2017.

  1. kharb

    kharb Well-Known Member

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    Weak rupee has always helped Indian exporters,but I feel now onwards Rupee may not depreciate at same historical rates.The two weakest link of Indian Economy are on recovery mode.These were Petrolium and Gold.Solar Energy will put break on consumption of petrol globally and Indian Youth is not much attracted to Gold.So these kickers to depreciation rupee will keep on becoming weak.This is bad news for export sector but is good news for Indian Economy .No doubt still some good companies can do well in exports but environment will be not as friendly as in past for export industry in general.
     
    Last edited: May 27, 2017
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