Govt sensitive to Re appreciation issue, says Jaitley

The Centre was seized of the issue of continuing appreciation of the rupee against the US dollar adversely affecting the exporting community, Union Commerce and Industry Minister Arun Jaitley said on Saturday.

‘‘We are sensitive to the issues being faced by the exporting community, especially in the wake of Indian rupee gaining strength against the US dollar’’, he told an open house on exim policy, organised by the Federation of Indian Export Organisations (FIEO).

Pointing out that the Indian economy has to be driven by exports, he assured that issues being faced by the exporting community would get their due attention from the government while making policy decisions on exports and imports. Jaitley said it was heartening that Indian exports were doing well despite the cut-throat competition and the latest challenges, adding the service sector alone had registered an impressive 8-9 per cent growth. (PTI)