The Reserve Bank of India has allowed the rupee to drift within range, focusing on smoothing volatility rather than defending a line, while global dollar strength has cooled since late September. For exporters who quote in dollars, that mix can be powerful—a softer dollar lowers the foreign-currency price for buyers, and a weaker rupee raises the rupee value of each sale. The advantage is real, though not automatic—input costs, hedging choices and policy shifts can reinforce or undo it.
Beyond the US
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