and industry minister Kamal Nath has expressed concern over appreciating rupee
and has assured exporters that he will protect their interests.
the rupee breaching the Rs40 mark against the dollar, and strengthening to its
highest level in past nine years, Nath said the ambitious export target of $160
billion for the year would not be scaled down.
is a new situation, which needs a new response. Exports are an engine of growth
and we have to ensure that growth is not affected," Nath said. The rise in
the value of the rupee has left exporters worried. They have been urging the union
government to help them counter the situation.