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RUPEE AT CLOSE - Rupee Ends At 66.92/$ Vs 67.01/$ On Friday SIEMENS - Bags Order Worth Rs 287 Cr Form Nagpur Metro Rail Corporation

Manufacturing Facing Immense Pressure: S. Narayan

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August 20: Amid slow domestic growth, India Inc was looking to acquire overseas assets, which raised hopes that corporates will resume spending and revive the investment cycle. However, with the rupee dive and recent import curbs, this seems like a faraway dream. Manufacturing relies on imports, former finance secretary S. Narayan says, adding that the industry is facing immense pressure.