Ra­jat Sawh­ney,

TravTalk - India - - Associations -

There has been a steep rise in the value of US Dol­lar against the In­dian Ru­pee. It’s a very com­plex phe­nom­e­non and there are many ex­pla­na­tions in the mar­ket rang­ing from Greece Debt cri­sis, re­ces­sion in Euro Zone. But, it’s too early to have any con­clu­sive rea­son­ing.

From our per­spec­tive, the in­di­ca­tors had been very good on the do­mes­tic tourism front. Due to in­crease in the cost of over­seas travel, we have had reg­is­tered strong growth in do­mes­tic pack­ages and hope the same trend will continue in the short run (30-60 days). In my opin­ion the ideal Ru­peeDol­lar range that is widely

` ac­cept­able is be­tween 4548 to a US Dol­lar.

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