• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Hyderabad, Dec. 15 The rupee will appreciate further due to inflow of foreign funds and the central bank may not always regulate exchange rate fluctuations, according to Mr Durai Rajan, Assistant General Manager, RBI. Market driven exchange rate is a necessary evil and exporters should factor in rupee appreciation in international business deals. Mr Rajan was addressing bankers and exporters at the first meeting of the sub-committee on export promotion of the State Level Bankers Committee (SLBC) here .

The meeting asked exporters to look at linking their trade with currencies like euro that were rising against the dollar. This can offset the losses due to strong rupee.

Mr Rajan said the RBI was concerned about violation of regulatory procedures by the exporters and asked them to realise the export outstanding at the earliest.

The Executive Director of Andhra Bank, Mr Kalyan Mukherjee said that the State was contributing a major chunk (Rs. 40,601 crore in 2006-07) to India’s exports.

More Stories on : Exports & Imports | Forex | RBI & Other Central Banks

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
PM stresses on policies to bridge regional imbalances

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line