How the weakening rupee is affecting India’s economy – The National

How the weakening rupee is affecting India’s economy – The National

The weakening Indian rupee has become a headache for Harsh Shah, who owns a company in India that imports and sells kitchenware.

Mr Shah is watching the currency's movements closely because the exchange rate affects the price of goods he imports.

“The depreciation of the rupee is a significant setback for us,” says Mr Shah, founder of Rupa Steel Centre, which is based in the state of Gujarat. “Even a downfall of the rupee by a small amount makes a huge difference.”