Letter to BS: Fall in rupee not an indication of economic decline in growth

A curb on imports into India will equally affect the export trade of the related countries

This refers to the article “The fair value of rupee” (September 18). Rashesh Shah is absolutely correct in stating that the recent fall in the rupee against the dollar is not an indication of an economic decline in growth in India. Although it is true that the “trade war” exists between China and the US apart from the US sanctions on trade with Iran, we tend to view the fall in the value of the rupee purely from the point of view of trade with the US. We forget that the same handicap equally exists for other global countries and