: Falling rupee may hit import-dependent industries #IndiaNEWS #Business Hyderabad: The downward spiral of the Indian rupee could hit the industry hard, especially production segments where imports
Falling rupee may hit import-dependent industries #IndiaNEWS #Business
Hyderabad: The downward spiral of the Indian rupee could hit the industry hard, especially production segments where imports are a crucial component.
This is because the rupee, poised to hit 82 units per dollar if the tumble continues, could trigger an increase in industrial production costs, particularly in automotives, electronics, hardware and other segments where import dependency is high, according to Devendra Surana, former president of the Federation of Telangana Chambers of Commerce and Industry.
“With the falling rupee, imports will become expensive while exports competitive. Imports happening on the buyerp?&H?Y] ?[?H?Y H[X?Y ??]? ?H[???? H ?X???[??? H??[[?]Y??H[??Y ?[???][?[ ?X?? ?X????? ?[ ?? ?Y[ ?? ???[ [???H[???? ?[?HY??X?Y ?H?[[?? ?YH??Y??[? ? ?X[ ?? X?[????[??[??K]]?[?[?? ??H[? X[????H[?[??[? ?H^ ? ?[? ?H?????? [? H[? ?8????[?H ?ZY? H[X?? H ?YH??[????[??? K?
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