Reducing unnecessary imports will stop the rupee? Find out what the experts think. Exports of non-essential goods will affect the depreciation of the rupee against the dollar
A report also said that the Reserve Bank will not take much action in the coming days to prevent the rupee from falling and will intervene even if the rupee crosses the 83 level against the dollar. Won’t happen.
In view of the widening current account deficit in the country, the government may restrict the import of certain non-essential goods. Commerce Secretary informed this information. Exports from the country have fallen over the past few months and imports have steadily increased, leading to a widening current account deficit. Along with this, there is also pressure on the rupee. On the other hand, a report also said that the RBI will not take much action in the coming days to prevent the rupee from falling and the RBI will not intervene even if the rupee crosses the 83 level against the dollar.
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