Sarab Jit Singh,
The steep fall in value of Rupee is worrisome. In the short run, we can expect that the appreciation in the value of US Dollar will be an enabler and get more inbound tourists to our shore. But, the nature of contracting these days is such that the inbound tour operators and their foreign tour operators factor in the foreign exchange risks against the fluctuation. The foreign tour operator will benefit out of the steep increase in the value of US Dollar. Only, in some cases our inbound tour operators will temporarily benefit.
On the macro front, such a steep depreciation in value of Rupee will make our import get more expensive and oil is one major constituent of our imports. It also will have a negative impact on the broader sentiment and can lead to an overall economic slowdown. The ideal range of Rupee and Dollar rate is about 45-47 and serves all purpose.