New Delhi - The President of FIEO, Mr Ashwani Kumar, stated that the recent depreciation of the Indian Rupee against the US Dollar represents a complex economic scenario with mixed outcomes. While it is often assumed that a weaker Rupee boosts exports by making Indian goods more competitive globally, the reality is far more nuanced, said Mr Kumar.

Mr Kumar highlighted that currency depreciation is relative. If the Indian Rupee depreciates by 2% while the currencies of key competitors decline by 3-5%, Indian exporters lose competitiveness in global markets. This relative disadvantage erodes any potential . . .