Exporters Fret as Rupee Breaks Free

Exporters Fret as Rupee Breaks Free www.ambitionias.com
  • Rupee value goes up to Rs 58.62 to the dollar, highest in the last 11 months, goods and services exporters nervous
  • RBI likely to step in to control rupee upswing in event of any volatility or disorder in markets, say some experts
  • Other experts feel Rupee may be around 58-58.50 for some time now (a short to medium run)
  • After NDA’s impressive showing at Lok Sabha polls more foreign investment likely in share market
  • India’s foreign reserves on May 2014 stand at $313 billion against $275 billion in August 2013.

Exams Perspective:

  1. RBI
  2. Rupee Appreciation
  3. FDI
  4. India’s foreign reserves
  5. Stock Markets