Gloomy quadrilateral sank rupee 11% in 2022
Against the backdrop of the strengthening Dollar Index that made its two-decade high in September 2022, the rupee managed to close the year at 82.61 to the US dollar, down from 74.29 at end of 2021.
Against the backdrop of the strengthening Dollar Index that made its two-decade high in September 2022, the rupee managed to close the year at 82.61 to the US dollar, down from 74.29 at end of 2021.
Labour-intensive sectors also contributed to the exports basket, which itself is a good sign, further helping job creation in the country.
Merchandise exports grew 68.9% in first nine months of the current fiscal to $443.8 billion, up from $262.8 billion in the previous fiscal.