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Recently it is seen that the rupee falls and with this news exporters are happy. Rupee's whipsaw against the US dollar has kept traders on the edge for the past two years. However, the local currency's movement relative to that of its giant northern neighbor is giving the policy mandarins in New Delhi some cause to cheer. Over the past one year, the rupee has lost about 13 percent against the Chinese Yuan. This has shown better days for Indian exporters. However, according to the chief economist of Axis Bank, competitiveness in exports depends on many factors. The exchange rate is one of them as per Saugata Bhattacharya.

Free Intraday Trading Tips- Rupee sheds 15 paise against US dollar in early trade

On Monday, the benchmark indices traded lower for the fourth straight session following weak sentiment in Asia markets. Also, in opening trade against the previous session's closing, the BSE Sensex fell over 200 points. It was noted that the broader Nifty also traded below 10,400 levels. As per the experts and analysts, the Indian rupee strengthened against the US dollar, by tracking gains in its Asian peers. However, earlier this week it was observed for the second straight session that the domestic equity indices gained to hit the three-week high on upbeat global cues and bargain hunting in select index majors.