More on the falling rupee

By Vijay Kumar

HERE is what the Director General of DGFT has to say on the falling rupee -

"Fall in Rupee will not benefit much for exports because of high import content in our major shipments like pharmaceuticals, gems and jewellery. Lower rupee or higher rupee does not bother, what is bothering is volatility. There should be stability; if there is volatility no one will know how to handle the uncertainty; there is nothing called right rate. If it is not volatile our exporters will be able to handle."

Interestingly, what are volatile these days are the expert comments and more would like to add to them.