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Global shifts leave India's exporters exposed to lofty rupee

The rupee's real effective exchange rate- 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. Ministry of Commerce and Industry data shows India's exports fell 21.1 percent year-on-year in March, the biggest drop in more than five years.
Source: Reuters