The Indian rupee has appreciated considerably over the past two months. A continued rupee appreciation is bound to make Indian exports uncompetitive.
"The volatility in rupee will adversary effect export growth", said Sanjay Budhia, Co-Chairman, CII National Committee on International Trade and Exports.
A continued trend of rupee appreciation will result in many Indian exports becoming uncompetitive. CII, urges the Government to put in place measures to ensure rupee is maintained at a level which is conducive to export growth.