Exporters remain optimistic with weaker rupee and low interest rates

In its biggest drop since August 2019, the Indian rupee fell 105 paise against the US (United States) dollar on Wednesday, soon after the Reserve Bank of India (RBI) announced its monetary policy. By Friday noon, the rupee had fallen to Rs 74.94 to a US dollar. This can make exports more rewarding, imports more expensive and boost customs revenues. However, it may make reining in inflation below 6 per cent rather difficult.  The RBI, however, does not seem too perturbed by the prospects of inflation. It expects the Consumer Price Index (CPI) inflation to be 5.2 per cent, 5.2 per cen.....

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