Global shifts leave India's exporters exposed to lofty rupee

April 27, 2015 5:30 AM

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By Patturaja Murugaboopathy BENGALURU, April 27 (Reuters) - The Indian rupee has climbed to heights seen only once before in the past decade, as measured against the currencies of the country's trading partners. Unlike past periods of strength, it has exporters reeling.

The rupee's real effective exchange rate (REER) - calculated on a trade-weighted basis against a basket of 36 currencies and adjusted for inflation - rose to 113.2 in March, according to the Reserve Bank of India. This year is only the second time the rupee's REER has exceeded 112, in data going bac...

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