Impact of exchange rates on periodicals subscription in Indian libraries.

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. [ABSTRACT FROM AUTHOR]