We all know that Rupee has been depreciating for some time against the dollar and has hit a low of Rs 52 vs one dollar and it is going to go down the level of 58 as projected by one of the reliable brokerage houses. The below write-up on property undertaking the case study of effect of dollar appreciation against rupee is given in the below para.
The robust response, especially from non-resident Indians who stand to gain from the sharp slide in the rupee, however holds out fresh hope for domestic builders saddled with piling inventories. The rupee has depreciated by more than 16% against the dollar since July. This has made homes in India increasingly cheaper in dollar price terms, an attractive proposition especially at a time the real estate sector in the developed markets remains depressed.
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