date:Oct 15, 2013
ks persist. Adjustments in domestic prices of subsidized fuel and other imported items following a sharp depreciation of the rupee are still incomplete.
Although the rupee gained 5 percent last month, it is still down around 10 percent this year against the dollar, meaning higher import costs for items such as oil, fertilizer, pulses and edible oil in rupee terms.
The rupee hit record lows in late August, pressured by the country's gaping current account deficit and a general exodus of global