TravTalk - India

Sarab Jit Singh,

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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.

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