Overview on the Rupee's Whipsaw against the US Dollar - 0 views
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moneyclassicr on 04 May 18Recently it is seen that the rupee falls and with this news exporters are happy. Rupee's whipsaw against the US dollar has kept traders on the edge for the past two years. However, the local currency's movement relative to that of its giant northern neighbor is giving the policy mandarins in New Delhi some cause to cheer. Over the past one year, the rupee has lost about 13 percent against the Chinese Yuan. This has shown better days for Indian exporters. However, according to the chief economist of Axis Bank, competitiveness in exports depends on many factors. The exchange rate is one of them as per Saugata Bhattacharya.