new delhi nipha group a mumbaibased engineering goods firm now gives price quotations to foreign buyers that are valid only for 72 hours there is so much volatility that you dont know what will be the level the next day says anupam shah director at the company like many of his peers he had hoped that the rupee would trade around 5758 against the dollar around juneend but it has not just gone past that level but is now into the sixties shah is hoping that the currency stabilizes around current levels so that he doesnt have to give quotes that are valid for such a short duration after all cost of some of the metals imported by nipha goes up pushing up the price of the output although he may be foxed by the sharp daily decline he isnt exactly complaining some business should be coming our way from china as we are more competitive now shah says referring to the currency crash since the start of the financial year the rupee has weakened by over 10 against the dollar giving exporters an edge over rivals whose currencies have depreciated by a lower margin in fact jagdish hinduja chairman of gokaldas images says the rupee depreciation may just be the revival that the textiles industry was hoping for given that business is shifting from china and there is trouble in bangladesh there is a lot of business coming in and i expect it to accelerate and stretch our capacities said the head of the company that makes everything from womens underwear to mens suits for exporters ranging from pharma and textiles to technology the only flip side is that buyers are now demanding a 5 discount even then they can book a 5 gain but for those who rely on imports the latest bout of currency depreciation may not be favourable news given that shipments are going to cost more companies in the chemicals fertilizer and paper industries will be the most negatively affected by sustained depreciation of the indian rupee fitch ratings said it said the higher cost of coal would be a drag on sectors such as cement in sectors such as oil companies are banking on passing on the burden to either consumers or the government while eyeing the bottom we are told that the rupee would stabilize around 6162 to a dollar said k v rao director finance at hindustan petroleum