Falling ruppee good for some, bad for others

Falling ruppee may be signifing good times for IT companies and exporters as it would help them in increasing their margins and at the same time making them more competitive too. However there is the other side of the story which should not be forgotten. The weak ruppee has added to costs of imports and this is going to have a negative effect on the oil refineries and would also put pressure on the foreign exchange reserves and could derail the efforts made by the govt to control inflation. Secondly, it is going to have a negative impact on the companies who have taken foreign currency loans and who are close to repay them. They would now have to shell out more ruppees to buy dollars adding to their costs. Two sides of the coin.