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

India Inc encourages FDI, raising dollar deposits from NRIs

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