Business Standard

Govt must curb non-essential imports to stem rupee fall: CEO poll

India Inc encourages FDI, raising dollar deposits from NRIs

Photo: Bloomberg
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Photo: Bloomberg

Dev Chatterjee Mumbai
India Inc leaders are expecting the government to take immediate remedial steps to stem the rupee’s slide against the dollar, a Business Standard dipstick survey of chief executive officers (CEOs) showed. This follows an over 9 per cent fall in the Indian currency’s value against the greenback since early this year.

Nearly 67 per cent of the 15 CEOs polled said a tumbling rupee has affected operations since raw material costs have gone up.

“The government should impose limits on the import of non-essential goods and expedite dollar remittances for exporters, apart from easing norms for foreign investment,” said Vimal Kejriwal, CEO

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First Published: Sep 29 2022 | 9:39 PM IST

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