Falling rupee to make imports of crude, pulses, fertilisers costlier

Currency fluctuations could be the new wild card in India's food inflation as it becomes more expensive to import inputs such as crude oil and fertilisers and staples such as cooking oil and pulses. The rupee has depreciated 3% in the past six days and 5% in this calendar year. India is the world's largest importer of pulses, cooking oil and fertilisers, leaving it more vulnerable to currency risk.

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