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India Ratings & Research estimate: Exports will continue to face downtrend this year

Updated: 15/Apr/2016 2:24:27 PM
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India Ratings & Research estimate: Exports will continue to face downtrend this year
India ratings and Research, in its latest report, has informed that the countries all over the world have taken several stringent measures to bring steadiness to the prevailing economy.

India`s export trade will be on a downward trend in the financial year 2016-17 as well.

The exchange rate between American Dollar & Indian Rupee plays a crucial role in the recovery of export trade.

However, in the current financial year, the average value of American Dollar will be Rs. 67.50.