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The Federation of Indian Export Organizations on Monday urged the banks to cut down charges to bring down transaction costs for exporters and help them counter the sluggish global market demand and price sensitive markets.

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Hike in fuel prices will make Indian exports uncompetitive as it would add to costs of exporting units, which have to be highly depend on diesel and other alternative fuels instead of electricity due to erratic power supply in industrial areas, said the Federation of Indian Export Organization on Tuesday.

The Federation Of Indian Export Organisations (FIEO) on Monday said that higher dollar inflows from Foreign Institutional Investors (FIIs) has created rupee volatility, which in turn, severely impacting the country's export sector.

In a pre-policy meeting with RBI Governor D. Subbarao, FIEO President A. Sakthivel said urgent measures are required to bolster the exports sector, which has been severally affected by the global economic slowdown and currency fluctuation.

The fluctuation in the exchange rate has led to demand for a stable dollar for exports, said A. Sakthivel, FIEO Chief.

The Federation of Indian Exports Organization (FIEO) Thursday strongly reacted to China's recent move to impose a ban on imports of low grade iron ore to the country.