RBI should take action against conversion: Assocham

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According to the chamber, the further deterioration of the rupee value with the rising crude oil prices can give India "imported inflation".
 
The Reserve Bank of India and the Ministry of Finance will have to work together to ensure that the rupee is not less than the present time.
 
Friday's record increased to $ 25 in contrast to US Dollar due to the new selling of American currencies by banks and exporters. 18 rupees 68
 
According to the chamber, the further deterioration of the rupee value with the rising crude oil prices can give India "imported inflation".
 
"We are sure that the Reserve Bank of India and the Ministry of Finance help with strong foreign exchange reserves. Every surplus point will come forward for the protection of large economic stability," SEC Secretary-General Dr. come. Rawat said.
 
He said, when the Reserve Bank of India is going to exchange foreign exchange rates, the Iranian nuclear deal must be taken in an unusual period of uncertainty. Increasing production of relatively low OPEC member states and instability in the US in the upward monetary market.
 
"Besides, the Ministry of Commerce also helps exporters to export the maximum quantity and help in domestic remittance, the Ministry of Commerce will have to take action because the additional demand of the dollar has increased, non-essential imports should be stopped and trade checks should be checked and the balloon will not be allowed," Rawat said.
 
In order to comfort foreign portfolio investors, the Sebi, the Reserve Bank of India and the Finance Ministry will have to make the second loan and the investment rules in the equity market easily.