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Falling pound to make imports from the UK cheaper

Pound's 20% drop against rupee in less than a year to force UK-based exporters to cut prices

Sophisticated electrical machinery parts will  be cheaper
Sophisticated electrical machinery parts will be cheaper

With currency volatility continuing to hit the pound sterling, imports from Britain are expected to be cheaper in the medium to long term, say experts. Earlier this month, the pound dived below Rs 80 (it is now at Rs 82.86). The currency has dropped about 20 per cent against the rupee in less than a year, forcing UK-based exporters and manufacturers to cut prices of raw materials and finished goods shipped to India, in spite of a hit in earnings. “The uncertainty over Brexit (the British vote to leave the European Union) means the pound will continue to weaken. If raw ...