Even as India is seeing a considerable easing of lockdown restrictions since Sep-20, some of our key export markets have off late gone back to a somewhat tighter lockdown framework.
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Oct 29, 2020
FX FLASH - INR and the evolving lockdown stringency
Even as India is seeing a considerable easing of lockdown restrictions since Sep-20, some of our key export markets have off late gone back to a somewhat tighter lockdown framework. With lockdowns having an impact on economic activity, we believe this relative play of stringency will have an asymmetric impact on India’s exports and imports.