Moreover, he said, higher production costs at home would offset much of any gain from a favorable foreign exchange rate.
"We didn't apply the most appropriate foreign exchange rate and are looking to make that good," he said.
Even the foreign exchange rate gains for tech companies turn out to be small, Hyderabad is poised to benefit.
Some owners in Canada have used their gains in the foreign exchange rate to pay their players, coaches and scouts more, or to cover operating losses.
Most retailers buy their currency well in advance so that it will take time for foreign exchange rate changes to feed through.
1.41pm GMT Carney: this is incredibly important Mark Carney insists that the Bank of England takes the issue of foreign exchange rate manipulation extremely seriously.
The integrity of foreign exchange rate benchmarks has been called into question after the City regulator launched an investigation into potential manipulative trades in the currency markets.
While the foreign exchange rate for the pound is fairly stable at around $3.80, it is worth $4,more or less in England.
The government redrafted banking and foreign investment rules and began revising its foreign exchange rate policy — all of this in consultation with businessmen and academics.
Yoon Jeung-hyun, the South Korean finance minister, said the agreement would help remove "uncertainty in the global markets such as the foreign exchange rate issues".
He said that the dispute, concerning the foreign exchange rate at which money is to be paid out from the $4.5 billion fund raised by the German government and German companies, should be resolved by the organizations distributing it.
