POSTED BY February 26, 2011 4:38 am ONE COMMENTON
Few years back, Dollar was available at above Rs.50 , that means any item available at 1 Dollar was availabale for say Rs.55 . Nowadays Rupee has appriciated and Dollar is available around Rs.45, then the same item should be available at Rs.45 only. Instead of this the cost of the item is in multiple in India.
Has the Rupee appriciated in true sence ?