Weak Rupee Likely to Have Mixed Impact on Economy, Minister Says

The impact of the rupee’s depreciation on India’s economy will likely be mixed, with the country’s import bill expected to be higher while export competitiveness may improve, a junior finance minister said.

The overall effect on economic growth and the current account deficit would depend on the “evolving trajectory of various macroeconomic parameters,” Pankaj Chaudhary said in a written reply to lawmakers Monday.