If the rupee appreciates without huge volatility, it will benefit the economy. But a concern is that not only the rupee is appreciating, but many of the competitor currencies are depreciating, said Ajay Sahai, director general and CEO of Federation of Indian Export Organisations (FIEO).
FIEO says strong rupee against depreciating competitor currencies causes concerns
If the rupee appreciates without huge volatility, it will benefit the economy. But a concern is that not only the rupee is appreciating, but many of the competitor currencies are depreciating, said Ajay Sahai, director general and CEO of Federation of Indian Export Organisations (FIEO).
