A strong Indian rupee cut earnings across many sectors in the world's top commodity exporter in 2007, but good sales and industry efforts helped the spice sector defy this NOT in the last quarter century since India worked itself into position as the world's top commodities exporter has it faced a situation when its performance was adversely affected by a strong rupee. The Indian currency had been declining in value since the start of the 1980s, when the US dollar was worth a mere Rs8 - until the end of 2006, when the parity was Rs45 to the dollar. This steady weakening of the rupee had helped the country's exporters which quoted prices in dollars and enjoyed better returns for their goods with each succeeding order... Read More