Fall in Rupee Leads to Hike in Smartphone Prices !
The free fall of Indian Rupee currency against major currencies like Dollar and Pound is a major cause of concern for the country right now. This will increase the price of already hiked commodities.
In the last one month, the US Dollar has appreciated from approximately Rs 59 to almost touching Rs 65, affecting most mobile phone vendors since majority of smartphones sold in the country are imported from China and elsewhere, with the transactions happening in US Dollars.