Rupee appreciates further!

With the Rupee appreciating further the exporters woe's only seems to be getting bigger as the Rupee is eating into their profits.as a result of this resurgent economy,the service sector has now started to look steadily at the European markets as the Euro seems to be the perfect answer to the rising rupee.
The currency dances apart,economic data of the Europe is much more promising than the United states and most of the Indian companies that have thought of diversification and asset and portfolio management are now choosing Europe over the United states!is this a state of things to come,a stronger Euro with all currencies pegged to it?