Samsung increases price of products in India as Rupees looses value
Samsung has told BGR, a news agency in India, that it has put an increase in the price of it’s phones in India as the Indian Rupee depreciated continuously over the last few weeks. The increase was reported to be put at about 4 to 5%.
According to an unverified chart compiled by Indian website PriceBaba.com, the Galaxy S4′s topped an extra Rs. 1,500 in price, the Galaxy S III increased by Rs. 1,820, the Galaxy Note II by Rs. 2,495 and Galaxy Grand Duos by Rs. 1,000.
The Indian Rupee had a free fall in value and now converts at 65 Rupees against the dollar with whom it previously converted at only 55 Rupees per Dollar just last month.
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