Indian export signature industry in the Capital Markets composed of tech bellwethers Infy, Wipro and our remaining export houses in textiles and flora ( if any) leave us with precious little but to look on with an impending feeling of panic in the stomach when the rupee appreciates. We did walk you through the first round of such permanent rerating of our currency since the 2008 crisis when the rupee came back fronm steady 46 levels to steady 45, and now it is looking to climb to 43 (Stan Chart) and then beyond 40 (getting younger) Well one nice way to look at it is that export earnings are not impacted by our new higher levels of inflation and interest rates. Stuff to keep you busy while we work out why we spun out at the top of the market after such a great record keeping you all busy!

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