{"id":32717,"date":"2022-11-12T16:06:26","date_gmt":"2022-11-12T10:36:26","guid":{"rendered":"https:\/\/plyinsight.com\/?p=32717"},"modified":"2022-11-12T16:19:32","modified_gmt":"2022-11-12T10:49:32","slug":"raw-material-cost-up-due-to-sliding-rupee","status":"publish","type":"post","link":"https:\/\/plyinsight.com\/hi\/raw-material-cost-up-due-to-sliding-rupee\/","title":{"rendered":"Raw material cost up due to sliding rupee"},"content":{"rendered":"

India Inc leaders are expecting the government to take immediate remedial steps to stem the rupee’s slide against the dollar, the rupee’s decline versus the dollar gathered pace when the US Federal Reserve announced a 75-basis point (bp) rate hike and signaled a cycle of further rate hikes.<\/p>\n

This follows an over 9.2 per cent fall in the Indian currency’s value against the greenback since early this year. Views came from a survey of chief executive officers (CEOs).<\/p>\n

Nearly 67 per cent of the CEOs said a tumbling rupee has affected operations since raw material costs have gone up.<\/strong><\/p>\n

\u201cThe government should impose limits on the import of non-essential goods expedite dollar remittances for exporters, apart from easing norms for foreign investment,\u201d<\/p>\n

\u201cIt is expected that the government will impose higher import tax on all non-essentials in the near term,\u201d<\/p>\n

Nearly 60 per cent of the CEOs said with a deteriorating global economic environment and the rupee’s movement, they expected demand for their products to wane, while another 40 per cent did not expect any change to their products or expansion plans.<\/p>\n

Since May this year, the repo rate has been increased by 190 bps to 5.9 per cent, a three-year high. This is a largely on expected line \u2013 as inflation continues to stay above 6 per cent, the upper level of its tolerance band, for the past eight months.<\/p>\n

\u201cThe RBI have announced another 50-bp hike but domestic demand is picking up fast, The government should take major steps in controlling fiscal deficit,\u201d said another CEO.<\/p>\n

\n

\u0930\u0942\u092a\u092f\u0947 \u092e\u0947\u0902 \u0917\u093f\u0930\u093e\u0935\u091f \u0938\u0947 \u0915\u091a\u094d\u091a\u0947 \u092e\u093e\u0932 \u0915\u0940 \u0932\u093e\u0917\u0924 \u092c\u095d\u0940<\/strong><\/span><\/p>\n

\n

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\u2018\u2018\u0938\u0930\u0915\u093e\u0930 \u0915\u094b \u0917\u0948\u0930-\u091c\u0930\u0942\u0930\u0940 \u0935\u0938\u094d\u0924\u0941\u0913\u0902 \u0915\u0947 \u0906\u092f\u093e\u0924 \u092a\u0930 \u092c\u0902\u0926\u093f\u0936 \u0932\u0917\u093e\u0928\u0940 \u091a\u093e\u0939\u093f\u090f \u0914\u0930 \u0935\u093f\u0926\u0947\u0936\u0940 \u0928\u093f\u0935\u0947\u0936 \u0915\u0947 \u0928\u093f\u092f\u092e\u094b\u0902 \u092e\u0947\u0902 \u0922\u0940\u0932 \u0926\u0947\u0928\u0940 \u091a\u093e\u0939\u093f\u090f\u0964”<\/p>\n

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\u0907\u0938 \u0938\u093e\u0932 \u092e\u0908 \u0938\u0947 \u0930\u0940\u092a\u094b \u0926\u0930 \u092e\u0947\u0902 190 \u0906\u0927\u093e\u0930 \u0905\u0902\u0915 \u0915\u093e \u0907\u091c\u093e\u092b\u093e \u0915\u093f\u092f\u093e \u091c\u093e \u091a\u0941\u0915\u093e \u0939\u0948, \u091c\u093f\u0938\u0938\u0947 \u0930\u0940\u092a\u094b \u0926\u0930 \u0924\u0940\u0928 \u0938\u093e\u0932 \u0915\u0947 \u0909\u091a\u094d\u091a \u0938\u094d\u0924\u0930 5.9 \u092b\u0940\u0938\u0926\u0940 \u092a\u0930 \u092a\u0939\u0941\u0902\u091a \u0917\u0908 \u0939\u0948\u0964 \u092a\u093f\u091b\u0932\u0947 \u0906\u0920 \u092e\u0939\u0940\u0928\u0947 \u0938\u0947 \u0916\u0941\u0926\u0930\u093e \u092e\u0941\u0926\u094d\u0930\u093e\u0938\u094d\u092b\u0940\u0924\u093f \u0906\u0930\u092c\u0940\u0906\u0908 \u0915\u0947 \u0938\u0939\u091c \u0926\u093e\u092f\u0930\u0947 6 \u092b\u0940\u0938\u0926\u0940 \u0938\u0947 \u090a\u092a\u0930 \u092c\u0928\u0940 \u0939\u0941\u0908 \u0939\u0948 \u091c\u093f\u0938\u0915\u0940 \u0935\u091c\u0939 \u0938\u0947 \u0926\u0930\u094b\u0902 \u092e\u0947\u0902 \u0907\u091c\u093e\u092b\u093e \u0909\u092e\u094d\u092e\u0940\u0926 \u0915\u0947 \u0905\u0928\u0941\u0930\u0942\u092a \u0939\u0948\u0964<\/p>\n

\u090f\u0915 \u0905\u0928\u094d\u092f \u0938\u0940\u0908\u0913 \u0928\u0947 \u0915\u0939\u093e \u0915\u093f \u2018\u2018\u0906\u0930\u092c\u0940\u0906\u0908 \u0928\u0947 \u0930\u0940\u092a\u094b \u0926\u0930 \u092e\u0947\u0902 50 \u0906\u0927\u093e\u0930 \u0905\u0902\u0915 \u0915\u0940 \u0935\u0943\u0926\u094d\u0927\u093f \u0915\u0930\u0940 \u0939\u0948 \u0932\u0947\u0915\u093f\u0928 \u0918\u0930\u0947\u0932\u0942 \u092e\u093e\u0902\u0917 \u092e\u0947\u0902 \u0924\u0947\u091c\u0940 \u092c\u0928\u0940 \u0930\u0939\u0947\u0917\u0940\u0964 \u0932\u0947\u0915\u093f\u0928 \u0938\u0930\u0915\u093e\u0930 \u0915\u094b \u0930\u093e\u091c\u0915\u094b\u0937\u0940\u092f \u0918\u093e\u091f\u093e \u0915\u093e\u092c\u0942 \u092e\u0947\u0902 \u0915\u0930\u0928\u0947 \u0915\u0947 \u0932\u093f\u090f \u0915\u0926\u092e \u0909\u0920\u093e\u0928\u0947 \u091a\u093e\u0939\u093f\u090f\u0964”<\/p>","protected":false},"excerpt":{"rendered":"

India Inc leaders are expecting the government to take immediate remedial steps to stem the rupee’s slide against the dollar, the rupee’s decline versus the dollar gathered pace when the US Federal Reserve announced a 75-basis point (bp) rate hike and signaled a cycle of further rate hikes. This follows an over 9.2 per cent […]<\/p>","protected":false},"author":1,"featured_media":31098,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3529],"tags":[3537,1089,359,322,358,443,2146,99,2998,3536,736],"class_list":["post-32717","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-november-news-22","tag-account","tag-banking","tag-export","tag-gdp","tag-import","tag-investment","tag-management","tag-rbi","tag-repo-rate","tag-reserve-bank-of-inda","tag-rupee"],"yoast_head":"\nRaw material cost up due to sliding rupee - PLY INSIGHT<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/plyinsight.com\/hi\/raw-material-cost-up-due-to-sliding-rupee\/\" \/>\n<meta property=\"og:locale\" content=\"hi_IN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Raw material cost up due to sliding rupee - PLY INSIGHT\" \/>\n<meta property=\"og:description\" content=\"India Inc leaders are expecting the government to take immediate remedial steps to stem the rupee’s slide against the dollar, the rupee’s decline versus the dollar gathered pace when the US Federal Reserve announced a 75-basis point (bp) rate hike and signaled a cycle of further rate hikes. 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