<h1>Indian Rupee Depreciates by 2.4% in November 2010; Exporters Seek Fixed Rates Amid Global Dollar Strength.</h1> In October 2010, the Indian rupee appreciated by 3.6% against the US dollar, reaching an average rate of Rs. 44.5 per dollar, compared to Rs. 46.1 in September. However, by November 23, 2010, the rupee depreciated by 2.4% to Rs. 45.62 per dollar. This depreciation is attributed to moderated capital flows and the strengthening of the US dollar globally. Exporters have requested measures such as a fixed exchange rate and concessional export credit. The Reserve Bank of India (RBI) maintains a market-determined exchange rate system, intervening only to manage excessive volatility, and offers various hedging tools to mitigate currency risks.