Rupee must fall more to save exports, prevent China dumping: SBI chief
MUMBAI: As the rupee touched a new 2-year low, State Bank chairperson Arundhati Bhattacharya on Monday said it must fall further to help domestic exporters
“It (further fall in the rupee) is required, otherwise exports will become absolutely unviable. It is important to maintain parity. It can be achieved only if the rupee is allowed to depreciate further,” Bhattacharya told PTI when asked about the impact of the yuan devaluation on the country.
The rupee on Monday fell by 36 paise, or 0.54 per cent, to close at 66.82 against the dollar.
There was a huge hue and cry made when the rupee fell during the last government. Now nobody talks about it. Now its even considered necessary. Was it not helpful for exporters two years back??
Rupee must fall what an idea sirji! What about imports oooo yes made in china will be little expensive than!
is this a joke let the rupee fall when we have major imports of crude sulfur fertilizers gold silver. if rupee will fall like this we will go in depression not recession.
Crazy views, India is import oriented nation and not export… In a bid to maintain exports, she is suggesting adventure to imports which is unwarranted
our import bill is much more than what we are exporting hence imported items become costlier like petroleum and gold. devaluation of Rupee is not at all prudent action, local market too is affected by this, stabilize Rupee against dollor not against any other currency. it must be kept below 60Rs
You are forgetting lowering the rupee will make imports more expensive
expensive dollar means expensive oil, gold which is overly dependent by the Indians how can expensive dollar serves the interest of Indians, it seems SBI chairman wants only help the interest of exporters
G P Sam
Stupid lady. Rupee falling will make long term inflation and create unbearable pain
She is simply idi0t