Impact of exchange rates on periodicals subscription in Indian libraries

Abstract

Purpose

The purpose of this paper is to study the effects of exchange rates of foreign currencies on the material budget in the libraries in India.

Design/methodology/approach

A sample of journals costing in foreign currency was selected for the purpose of study. A comparison of inflation rate pertaining to serial price is done with the general rate of inflation in India.

Findings

The paper finds that exchange rates of foreign currencies have extensive impact on the acquisitions budget of the libraries in India.

Practical implications

Academic institutions may protect the buying powers of the libraries while allocating funds, keeping in mind the strengthening or weakening of Indian Rupee in comparison to foreign currencies.

Originality/value

This is one of the comprehensive studies on the impact of foreign exchange on subscription in Indian libraries system.

Citation

Kapoor, K. (2010), "Impact of exchange rates on periodicals subscription in Indian libraries", Collection Building, Vol. 29 No. 3, pp. 91-97. https://doi.org/10.1108/01604951011060376