Forex Related Worry is Not Yet Over

This entry was posted on Thursday, December 15th, 2011 and is filed under Cashew.

The Forex related worry is not over yet in the Indian cashew sector. Even domestic wholesalers ¬†are now not interested in raw cashew or kernel related “Market Watch” but most of them spend their time in watching Dollar-Rupee exchange rate variations. Already the consequences of the Rupee depreciation on the Indian Petroleum sector is a major economic headache and the Government is not in a position to hike diesel prices before the assembly elections in 5 states, including Uttar Pradesh,which is the home state of nearly 20 crore people.

Filed Under: Cashew