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Taxes and It is also a hedge against rupee devaluation ( which it tends to do in bursts ). Companies don't want to get caught up at wrong end of the Rupee slid

by vvhn 14y ago

Taxes and It is also a hedge against rupee devaluation ( which it tends to do in bursts ). Companies don't want to get caught up at wrong end of the Rupee sliding further.

srik 14y ago
> It is also a hedge against rupee devaluation This makes perfect sense. I've never thought of it this way before.
what_ever 14y ago
Rupee has been volatile in the last year or so. The higher prices have been the case even before that.