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  Business   In Other News  06 Sep 2018  Exports benefiting from weak rupee, says trade secretary

Exports benefiting from weak rupee, says trade secretary

REUTERS
Published : Sep 6, 2018, 8:20 am IST
Updated : Sep 6, 2018, 8:20 am IST

Merchandise exports rose 14.32 per cent in July to $25.77 billion from a year ago.

 Trade Secretary JS Deepak said in the medium term, country’s fundamentals were strong and the capital flows were healthy.
  Trade Secretary JS Deepak said in the medium term, country’s fundamentals were strong and the capital flows were healthy.

Mumbai: Indian exports are rising driven by a fall in the rupee against US dollar, by more than 11 per cent so far this year, the trade secretary said on Thursday.

Merchandise exports rose 14.32 per cent in July to $25.77 billion from a year ago.

 

Playing down the impact of the weak rupee on the economy, Trade Secretary JS Deepak said in the medium term, country’s fundamentals were strong and the capital flows were healthy.

Tags: export, trade, rupee, trade secretary
Location: India, Maharashtra, Mumbai (Bombay)