Exporters raise concerns over a strong rupee eroding margins

The rupee has, however, been weakening of late amid growing geopolitical tensions

Engineering exporters' body EEPC India on Tuesday raised concerns over the strengthening rupee, saying it is eroding their competitive edge and urged the Reserve Bank of India to ensure that the liquidity rush into the markets does not harm the country's fundamental strength in exports.

The rupee, on a winning streak against the dollar recently, has, however, been weakening of late amid growing geopolitical tensions and fears of a rate hike by the US Federal Reserve.

“The central bank should ensure that the liquidity coming in droves in the Indian equity and debt markets must not harm our fundamental strength in exports,” EEPC India Chairman T S Bhasin said.