Indian Government not Keen on Rupee Appreciation

This entry was posted on Monday, June 18th, 2012 and is filed under Cashew.

Most probably, the Government of India is not interested in the Rupee appreciation process right now. Official statement or advice is that exporters should take benefits from the recent devaluation. This means there is no chance of a currency strengthening step in the near future. Depreciation is considered as a benefit or an export incentive.

Filed Under: Cashew