Indian polymer buyers preferring domestic purchases as INR continues to remain depreciated
08 Jun : The INR remaining considerably depreciated against the USD have been posing as a strong hurdle to Indian polymer buyers in importing polymers from outside the country. A Mumbai-based importer, when asked about the current import practices of Indian polymer buyers, said," Highly depreciated INR alongwith high polymer prices in international markets have prevented the Indian buyers from procuring plastic raw materials from international sources." He further said," Buyers are currently preferring the domestic markets for their polymer purchases."
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08 Jun : The INR remaining considerably depreciated against the USD have been posing as a strong hurdle to Indian polymer buyers in importing polymers from outside the country. A Mumbai-based importer, when asked about the current import practices of Indian polymer buyers, said," Highly depreciated INR alongwith high polymer prices in international markets have prevented the Indian buyers from procuring plastic raw materials from international sources." He further said," Buyers are currently preferring the domestic markets for their polymer purchases."
For more details click here>>
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