Rupee free fall: Importer's worry, exporter's euphoria

The rupee's recent plummeting has seen exporters thanking their various Gods, even as importers are gnashing their teeth. Import dependent firms like steel, coal and oil marketing firms face hugely higher costs now. But everyone is keeping a stiff upper lip. Most firms Business Line spoke to – even those holding large dollar loans – insisted that the medium-term and long-term outlook for the Indian currency remained bright.

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