Continuous drop in the value of INR vs USD is pushing up prices contributing a new worry to the industry
Greetings from the Imaging Solution Magazine!
Hope you all enjoyed the festive season with joy and celebrations. The new issue in the imaging industry today is the continuous drop in the value of INR against USD which is pushing up the costs of imported products, including OEMs and compatibles as most of them are imported. The customers are not happy with the new, increased prices and are not willing to purchase in bigger quantities and this is leading to a drop in the sales for brands as well as the partners. Everybody is feeling the heat.
We hope the rupee value vs dollar will stabilize soon and the balance in the industry is restored.
We wish you new hope, success and prosperity in your personal and professional lives.