New Delhi, March 26 -- The Indian Rupee has recently seen an upward trend. Though it ended on a flat note at 68.96 per US dollar on Monday, sustained foreign fund inflows and narrowing trade deficit have helped the currency gain a lot of strength last week. Additionally, weakness in the greenback against major global currencies and a heavy buying in domestic equities further aided its appreciation. While the news seems a welcome one, the strengthening Rupee has posed a challenge for our exporters.
According to experts, the Rupee is likely to continue its rally in FY 20 on the back of strong fund inflows as FIIs have continued to remain upbeat on the Indian economy, and, in the background of this, exporters fear it will add to the woes of t...