The constant strengthening of the US dollar against Indian rupee has helped precious stones and imitation jewellery exporters gain higher margins. As the jewels fittings, designing, cut and refining is done from India, this depreciation is awarding the traders.
The rupee trading recorded today is 61.06, overcoming the 60.76 mark traced on 26th June. If the decline of the rupee continues at the same pace the exports while drastically improve rewarding the IT sector, precious stone and imitation jewellery to speculate. Dollar against rupee rise is however limited to benefit solely exporters, while importers are still under speculation as purchasing diamonds is pricy.
No comments:
Post a Comment