PP price likely to decline further in India if INR continues to appreciate

Oct 11 : PP price in India will come down further if the INR continues to appreciate. Many PP buyers in the country postponed bulk purchases in the prospect of the INR strengthening further, which will also result in PP price declining.Traders in the major markets in the country told Indianpetrochem that most buyers preferred to purchase PP on need basis, and PP price will go down if the INR strengths further. The INR today strengthened upto 61.39 against the USD. 
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