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A Weaker Rupee Doesn't Guarantee Export Boost | Mint Explains | Mint

According to the stats and prior experience, it is difficult to boost exports with a weaker currency. One US dollar has been worth more than 80 Indian rupees for over a month. The value of the rupee has more than halved since early 2008. Would a depreciation of the rupee boost exports and bolster India's economic development during the impending global slowdown? #rupee #currency #economicdevelopment #globalinflation #economy #finance #mint Subscribe Now For Latest Updates- https://tinyurl.com/lbw8nze

9 Jan 2023
News

Defying trade tensions, Chinese buyers snap up Indian steel

It is unclear whether the sales broke any trade rules, but the China Iron and Steel Association said in a statement it was monitoring them

2 min read28 Aug 2020
News

Indian steel makers double down on exports as domestic demand disappears

Non-integrated mills in China and southeast Asia that depend on Chinese crude steel are now turning to importsThe focus on exports come even as India's steel production has declined

3 min read12 May 2020
Companies

India's February steel exports fall for first time in 8 months

India still remained a net exporter during April-Feb with shipments at 7.78 million tonnes, data showedIndia's local steel consumption in February also took a hit and fell to its lowest in four months

1 min read17 Mar 2020
News

Steel exports fall 34% to 6.36 MT in 2018-19

In comparison to 2017-18 (9.62 million tonnes), India's total steel export has declined by 34% in 2018-19 and stood at 6.36 million tonnesGovernment has taken appropriate measures such as anti-dumping and countervailing duties in order to protect the domestic industry

1 min read15 Jul 2019
Industry

India's May steel exports drop to lowest in 3 years

India exported 319,000 tonnes of finished steel in May, down 28% from the same month last year and the lowest level since April 2016Steel exports to the EU dropped 55% in May, led by fewer shipments to Italy, Belgium and Spain, which together made up 80% of India's overall exports to the region

1 min read26 Jun 2019
Market

Steel companies are taking a shine to their home market

If the government imposes higher duties on steel, it will be good news for domestic companies as they will get headroom to increase prices

2 min read20 Sep 2018
Industry

Steel minister says tariff negotiations with US under way

Steel minister Chaudhary Birender Singh says there would not be any immediate impact on domestic steel exports as India sends a marginal amount of its shipments to the US

1 min read14 Sep 2018
Industry

India tells US it won’t accept caps on steel, aluminium exports

India has said steel, aluminium exports worth $1.2 billion to the US were impacted after the tariff hike in March

1 min read10 Sep 2018
Market

China PMI flashes amber signal for metals

Fears of a slowdown in the Chinese economy and the impact of the ongoing US-China trade war have made investors edgy

2 min read4 Sep 2018
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