Rupee is now most undervalued in nearly 12 years, but it may not boost exports- Moneycontrol.com
Global demand impacts exports more than rupee's exchange rate India's rupee has fallen to its weakest level against a basket of currencies in nearly 12 years. Still, the sharp depreciation may offer little relief to exporters and could instead widen the trade deficit, according to a Moneycontrol analysis and a recent study by the Export-Import Bank of India. The rupee…
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