Bengaluru, March 31 -- Rising volatility in global currency markets and the weakening of the rupee are increasingly impacting the common man across sectors, Karnataka Deputy Chief Minister DK Shivakumar said on Tuesday, while urging the Centre to take corrective measures.
Addressing media, Shivakumar made a series of points highlighting the economic implications of currency fluctuations. He said the dollar has been rising and the rupee has been falling, noting that such movements, even when described in simple terms, have a direct bearing on the economy.
Shivakumar stressed that currency instability affects both imports and exports, thereby influencing the overall cost structure of goods and services in the country. He pointed out that es...