MSME sector faces challenges as rupee depreciates 13%
pre-market1 source ↓written by the desknot a recommendation
- of the rupee
- 13% decline
The World MSME Forum has raised concerns over the 13% decline of the rupee against the US dollar, stressing its adverse impact on the industrial sector. The depreciation inflates costs for essential imports like crude oil and machinery, leading to higher production costs and potential inflationary pressures. This trend threatens the competitiveness of micro, small, and medium enterprises, particularly in Ludhiana.
Not investment advice. For informational purposes only.