India May Shield Exporters From Rupee, Finance Minister Says

Indian Finance Minister Palaniappan Chidambaram said the government may take steps to help exporters cope with a nine year-high exchange rate and a U.S. slowdown. ``If I have to help the exporters, I can only do so by fiscal steps,'' Chidambaram said in an interview yesterday in Washington. ``At the moment, the rupee is causing some discomfort. A slower U.S. economy will mean that demand for Indian goods may slow down.'' The minister's statement suggests India may offer more subsidized l

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CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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