While our imports have exceeded imports most of the time, the difference in FY12
has come as high as US$ 185 bn. Combine this with weak capital inflows and one
gets an idea on why rupee seems to be under immense pressure. Unless petro
prices cool off, we do not think a big respite is in the offing any time soon.
Of course, imports of precious metals such as gold have also caused the problem
to exacerbate a bit.
Source: Business Standard |
No comments:
Post a Comment