Will rupee appreciation hit textile exports?

摘要

The Bombay Sensex crossing the historic 25000-point mark for the first time in the stock market history and now hovering around 25500, and the rupee value against the dollar appreciating to touch a high of 59.80 after the new Modi-led UDF Government assumed power at the Centre are clear reflection of the corporate sector hope and confidence that the economy is in for a thorough transformation. True, the BJP election manifesto promised a number of proactive measures towards speedier growth by reining in inflation and through fiscal consolidation, boost to manufacturing, additional investments in major industry sectors, and by allowing FDI in all areas, particularly infrastructure.