Tag: Rupee Depreciation
-
Indian Rupee Depreciates by 3.6% in 2 Weeks
Indian currency, Rupee, has depreciated to 65.87 per USD, making steel import costlier and providing better opportunity to Indian exporters. In today’s morning trade, Rupee depreciated to a 2-year low of 65.87 against US dollar. This has made steel import costly and has given some room to Indian steel mills to remain competitive on export…