Rupee rise to affect growth of chemicals & allied items

October 2007
Chemical Business;Oct2007, Vol. 21 Issue 10, p61
Trade Publication
The article presents a summary of estimates made by the Chemicals and Allied Products Export Promotion Council (Capexcil) of India on the country's chemicals and allied products export industry for 2007-2008. The report shows that export growth for the fiscal year 2007-2008 is only 3-5 percent compared to 10 percent in the previous fiscal year. Experts are citing the appreciation of the rupee against the dollar as the reason for the limited growth. Also mentioned are the steps being taken by companies to deal with the currency appreciation.


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