As of August 2nd 2022, the Indian National Rupee stands at 78.61 against the US Dollar.
While the rupee’s depreciation or the “falling of the rupee” is seen as a major setback to India’s economic development, there are sectors that can still benefit from this depressing economic shift.
How? In this article, we dive deep into the implications of the rupee depreciation and its impact on Indian SMEs, specifically those who operate in the export industry.
Key takeaways
- What is the impact of a weak rupee on businesses?
- When does the rupee rate fall?
- How does the rupee’s fall impact MSMEs?
- Massive loss in the import sector
- Major gains in the export sector
- What are the ways businesses can safeguard themselves?
- What is hedging?