Tag: HMS 1&2
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Indian Scrap Importers resist on Weak Rupee
Scrap imports witness a resistance from Indian buyers owing to falling Rupee. Current offers are in the range of USD 315-320/MT CIF Nhava Sheva. Indian currency Rupee, which is currently trading at 13-month low level of 63.45 against USD, has made the buyers cautious about their imports. Though, offers are hovering in the range…