Summary:
more-inA strong dollar and a weak rupee will benefit the IT industry based in Visakhapatnam, albeit temporarily. Entrepreneurs say a strong dollar will lead to further increase in the prices of petroleum products as India depends on imports to meet the lion’s share of its requirement. A strong dollar will certainly fetch us more for conversion into rupee,” admitted IT Association of AP president R.L. The travel sector mainly overseas travel will impact the revenues of the travel operators and airlines. “Though we are for a strong rupee, the IT and ITES sector will stand to gain due to devaluation..