Tag: Rupee Depreciation
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Indian Scrap Importers Prefer to Wait and Watch on Depreciating Currency
Indian scrap importers have cut down their purchases owing to weak Rupee; imports likely to come down in coming months. Imported scrap offers to India remained stable this week as well, with not much activity in market. Sudden fall in major currencies (like Chinese Yuan, Russian Ruble) along with Indian Rupee has kept the market…