Exports benefiting from weak rupee, says trade secretary

Mumbai: Indian exports are rising driven by a fall in the rupee against US dollar, by more than 11 per cent so far this year, the trade secretary said on Thursday.

Merchandise exports rose 14.32 per cent in July to $25.77 billion from a year ago.

Playing down the impact of the weak rupee on the economy, Trade Secretary JS Deepak said in the medium term, country’s fundamentals were strong and the capital flows were healthy.