The Indian rupee has weakened, reaching near record lows against the US dollar. This depreciation boosts export competitiveness but increases import costs. Exporters are urged to diversify beyond the US due to potential tariffs. Importers face higher bills, especially for oil. Instability in the rupee’s value is a concern for both exporters and importers.The Indian rupee has weakened, reaching near record lows against the US dollar. This depreciation boosts export competitiveness but increases import costs. Exporters are urged to diversify beyond the US due to potential tariffs. Importers face higher bills, especially for oil. Instability in the rupee’s value is a concern for both exporters and importers.
