reason for lcy price rise?

These are very opportune times as international coal prices have come down by 40-50 per cent and as a result, the market capitalisation of leading coal companies has shrunk. This is the right time to acquire assets overseas because beyond a level prices cannot go down, though it is difficult to say whether the prices have bottomed out,” said Steel Authority of India Limited (SAIL) chairman and managing director CS Verma, who also holds additional charge of NMDC as its chairman-cum-managing director.

http://www.business-standard.com/india/news/time-right-for-overseas-buys-nmdc-/487202/

The indians are saying they can't squeeze harder for a better deal and are ready to act.