“Weak Rupee Finally Reflected In Trade Data”
  • Elizabeth George
  • Sep 11 2013

September 11: Referring to the August trade data, Madan Sabnavis, Chief Economist at Care Ratings, says the import and export trends are looking sustainable. “Government measures to curb gold imports seem to be working,” he says, adding that price competitiveness due to a weak rupee and recovering economies of India’s trade partners is raising exports. He adds that positive core data also signals stronger IIP growth.