MARKET DEVELOPMENT
Rupee Depreciation Unlikely To Hit Trade With India: Malaysia
Rupee Depreciation Unlikely To Hit Trade With India: Malaysia
29/11/2011 (Economic Times) - Rupee depreciation against the US dollar is unlikely to hit bilateral trade between India and Malaysia, a senior Malaysian trade official said today.
"Though it is not very clear about the rupee depreciation impact on Indian imports from Malaysia, I do not foresee any major effect," Malaysian High Commission Minister Counsellor (Economic Affairs) Muthafa Yusof said here on the sidelines of a CII-organised interactive session.