Rupee appreciation should be immediately checked to avoid a negative impact on India's exports-CII

The recent spurt in Rupee vis-vis the US Dollar has caused a lot of hardship to exporters and would make Indian exports uncompetitive in the Global Market. Indian exporters are already facing lot of constraints like infrastructural bottlenecks, slowing down of world demand, high cost of funds, low technology intensity, scarcity of skilled and semi-skilled manpower, high input costs, high transaction costs and stiff competition from Chinese and other exporters from emerging economies. Hence, Rupee appreciation should be immediately checked to avoid a negative impact on India's exports, said Mr Sanjay Budhia, Chairman, CII National Committee on Export and Export Competitiveness.

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