A just-released study on the impact of appreciation of the Indian rupee on remittances has revived the demand of the Indian expatriates in UAE that their government should offer some compensation package to them.
The rising value of the rupee from 2003-04 onwards has been inflicting a silent but hard blow on Keralites living abroad by reducing the rupee realisation of their foreign currency remittances to Kerala, according to a new study.
The strengthening of the rupee and increasing fuel price are spelling doom to the seafood export trade, the Kochi-based Seafood Exporters Association of India (SEAI) has said in a memorandum to the Prime Minister.
