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Querist : Anonymous

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Querist : Anonymous (Querist)
16 December 2014 Can a company Export goods in INR instead of USD?
IF it chooses to do so what are the merits & Demerits?
And which is more preferable?

16 December 2014 Here only advantage is you are transferring the currency exposure to your buyer. because conversion loss/gain will be taken care by buyer.

Disadvantages

1. Your exports will not earn the foreign currency in India

2. Incase any benefits & subsidies on your exports cannot be claimed since the realisation received in INR

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 December 2014 But is not that exporting in INR increases demand of INR in overseas market??

20 December 2014 it may increase but economically bringing forex in to India will have more beneficial


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