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.