The Indian Rupee has seen sharp declines vs the US dollar over the past 5-6 weeks. From a high of 43.855 vs the dollar on August 1, the rupee has weakened to 48.1258, as per Platts. This 7-9% depreciaation in the currency has contributed to rising costs of polymer imports.
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Tuesday, September 20, 2011
Polymer imports get dearer in India as rupee weakens vs dollar
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