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Exports benefiting from weak rupee, says trade secretary

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Reuters MUMBAI

MUMBAI (Reuters) - Indian exports are rising driven by a fall in the rupee against U.S. dollar, by more than 11 percent so far this year, the trade secretary said on Thursday.

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

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

(Reporting by Suvashree Choudhury; Editing by Malini Menon)

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First Published: Sep 05 2018 | 5:41 PM IST

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