Rupee is climbing day and day and it has reached an all time high of 39.85 , I remember couple of years back , one dollar was equivalent to Rupees 50 , today its almost 10 rupees less, so the as the foreign institutional investors (FII) invests , funds flow into the country as the funds flow , the reserves too increases and the country's economic gets developed day by day. But for those whose main source of income is from US, its a matter of concern to them as most of income is gained from these countries, Software companies in India has most of its revenues coming from US, Software companies in India are planning to make their employees work even on Saturdays to offset the difference. The absence of dollar demand from oil refiners also aided the rupee sentiment.
A stronger rupee means lower dollar income for Indian bloggers since most affiliate and advertising programs pay in US dollars , this value is then converted into Indian Rupees.
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