Currency FIEO says strong rupee against depreciating competitor currencies causes concerns Updated : July 12, 2019 12:36 PM IST If the rupee appreciates without huge volatility, it will benefit the economy. While the rupee is appreciating, many of its competitor currencies are depreciating Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.