Talking to ANI, Rajdeep Uppal, President Amritsar chapter of CII said that there has been a slump of about 25 percent in trade with Pakistan and imports from Pakistan are expected to fall more. He said that instability of the dollar is more worrisome for them than devaluation in the value of the rupee.
Traders urged the government and RBI to intervene and take necessary measures to stabilize the value of the rupee.
Pardeep Sehgal, a leading importer and Director of the Trans link, said that though the Pakistani rupee was also facing devaluation, the fall in the value of Indian rupee against the dollar is higher and it would be difficult to meet the gap. He said they have requested the Pakistan exporters to revise the rate to ensure continuity of the trade.
--ANI (Posted on 20-08-2013)