India’s shrimp exports seen crossing Rs 50,000 crore this fiscal despite US tariff headwinds
The growth will be largely driven by higher realisations, supported by the sharp depreciation of the rupee against the US dollar and the euro.
The growth will be largely driven by higher realisations, supported by the sharp depreciation of the rupee against the US dollar and the euro.
Nifty was dragged near 24,600 in early trade and witnessed some recovery later. It ended in the red closing below 24,900.
At the close, the Sensex fell 769.67 points, or 0.94%, at 81,537.70, while the Nifty dropped 241.25 points, or 0.95%, at 25,048.65
The former Union minister said neither Prime Minister Narendra Modi nor any BJP member is speaking up about this depreciation.
This morning, it crossed 81.50 against the US dollar. On Friday, it closed at 81.25. Notably, last Thursday's depreciation was the biggest single-day fall for the rupee since February 24.
On the other hand, silver plunged by Rs 468 to Rs 35,948 per kg against the previous close of Rs 36,416 per kg.
The International Monetary Fund has warned that the depreciation will jack up the prices of imported goods such as oil and petroleum products, potentially putting an upward pressure on inflation
