As an exporter, a strong rupee might not be your friend, while as an importer, you might cheer for it.

Currencies have garnered investors’ attention lately, as the dollar continues to appreciate against the weakening rupee and euro.

RBI Governor stated that despite a fall in crude oil prices and commodity prices, inflation is at an uncomfortably high level. However, the domestic activity has been resilient while PMI in July is at an eight-month high. For the next financial year, RBI retains its CPI forecast at 6.7 per cent.