Nearly 67 per cent of the 15 CEOs polled said a tumbling rupee has affected operations since raw material costs have gone up.
"The government should impose limits on the import of non-essential goods and expedite dollar remittances for exporters, apart from easing norms for foreign investment," said Vimal Kejriwal, CEO and managing director, KEC International.
Other CEOs said the Reserve Bank of India (RBI) will have to sell dollars in a moderate manner.
"We expect the government to impose higher import tax on all non-essentials like cosmetics, gold, and electronics in the near term," said a CEO.
This story is from the September 30, 2022 edition of Business Standard.
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This story is from the September 30, 2022 edition of Business Standard.
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