It was today ,afternoon when I received a call regarding a book ,which I was looking for and so I was thrilled it would be available in the next two-three day .Finally ! but what I din’t relaise is the price of the book it turned out to be Rupees 1900 around 30$ ,and this was the time i relaised that the dollar has affect the book to cost rupee 500 more .Its just not the book that has become expensive electronic two have became expensive the excitement for the phone coming from abroad is also killed because its became economical to buy from India .
The complete economy of the country is shaken for a matter of fact ,even few automobiles which are imported from abroad have been costing more Directly/ indirectly to consumer ,This has also made them reconsider there decision to whether they really need to buy a car .This in a way has decline the sales of the automobiles .
The dollar Vs Rupee has also affected travelling a lot, the exchange rate is giving fewer dollar at the current rate moving the budget of a holiday for family ,business .
The travelling is also affecting the tourism in the country in a huge way.
The Education for students abroad has also become expensive as the fees increase, the cost of living. This has also opened the horizon of students either doing courses in the country or applying for courses in other countries where the exchange rate is lower.
The businesses have had opportunity of earning more money through the dollar price increasing and since they pay is in dollar they do get quite benefited.
But at the same time others to facing the heat of order being cancelled, pressure with the rise in dollar .
The fuel too has been costing a lot since its payee in dollar .the dollar-rupee apperception & deprecation has affect crude oil price to rises and this has affected in increase in fuel price the petrol & diesel has been becoming more expensive, the grocery goods have become costlier and the medicine and agriculture goods have become more expensive .
The hotel & restaurants which are multi-cuisine have also been thinking of increasing their rates and imported goods like sauces are costing more.
The rupee-dollar deprivation and appreciation has increased the demands for spices to be exported to other countries
The dollar-rupee rise has also resulted in people being sacked from jobs as one of the ways of cost cutting
The dollar-rupee has been one of the biggest topic of discussion as the economy has been shaken.
The rupee appears smaller than ever in front of the dollar this gives the exporter a loss since there goods are sold at low rates ,with the same quality and quantity.
So its only the importer who are getting benefited with the increasing dollar in front of the rupee
Its because of the rupee that people are holding onto it and aren’t really spending it .
the near future seems like recession coming in soon with the cost of living increasing
since India festive season are around the corner they are deals on electronic ,apparel, automobile tempting consumer ,customer to spend money and if isn’t helping there are greater EMI offered for costumer.