THE sharp fall in rupee vis-a-vis dollar over the past couple of months will have more of negative impacts and minimal gain on export front, as per experts.
Import-dependent sectors are expected to face cost pressures, which would ultimately impact the consumers. Rupee depreciation could force the RBI to hold interest rates in its February Monetary Policy meet.
Usually, depreciation of local currency makes exports more competitive, but experts say this may not be the true scenario in the present situation.
In recent years, a weaker rupee has not translated into major gains for Indian exports due to several structural and global factors, says Ajay Sahai, director general and CEO, Federation of Indian Export Organisation (FIEO).
This story is from the January 14, 2025 edition of The New Indian Express Vishakapatnam.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the January 14, 2025 edition of The New Indian Express Vishakapatnam.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
UTI infection can spread to kidneys if not treated on time
Uncomfortable urinating in public places, 17-year-old Laxmi (name changed) always held on for long hours. Her tendency to avoid taking bathroom breaks harmed her bladder and her overall health. This resulted in her getting a urinary tract infection (UTI), not once, but repeatedly.
Jamwal Outpunches Thapa at National Boxing Championship
HIMACHAL Pradesh's Abhinash Jamwal continued his sensational run as he defeated reigning welterweight champion Shiva Thapa in a thrilling semifinal clash at the men's National Boxing Championship here.
Playing in India is a big part of my career: Brinkman
WITH phase 1 of the league stage of the Hockey India League in the books, it is no surprise that Kalinga Lancers' Thierry Brinkman is amongst the top goal scorers in the competition.
Pat in CT squad despite injury concerns
PAT Cummins was on Monday named captain of Australia for next month's Champions Trophy while fellow pacer Josh Hazlewood too was included in the squad despite lingering injury concerns surrounding both players.
Renewed hope in home comfort
Seasoned pros Sindhu, Lakshya upbeat ahead of India Open challenge; chance for youngsters to gain ground
Djokovic fights past teen to keep date with history
NOVAK Djokovic survived a scare in his quest for tennis history before joining Carlos Alcaraz and defending champion Jannik Sinner in the second round of the Australian Open on Monday.
Noah Lifts Kerala With Late Winner in ISL
NOAH Sadaoui scored a late goal as Kerala Blasters FC posted a thrilling 3-2 victory over Odisha FC in the Indian Super League here on Monday.
Investors Poorer by ₹13 Lakh Cr as Market Collapses
The ongoing downturn in the equity market intensified on Monday, erasing ₹14 lakh crore in investor wealth.
Samsung leader in global mobile mkt, Apple 2nd
South Korean technology giant Samsung maintained its leadership in the global mobile market, capturing 19% of the market share in 2024.