India: Weak Rupee Hits Local Suppliers

By Rapaport News / June 21, 2018 / www.diamonds.net / Article Link

Small manufacturersstruggling to source rough at current price levels. Weaker rupee (INR 68 = $1)negatively impacting suppliers to the local market, but helping exporters.Large manufacturers raising polished production to fill shortages. Newavailable output garners stronger prices than existing stock. Jewelry retailsales stagnant.
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