This has made the dollar stronger and hence weakened the rupee. “There will also be a case of China attempting to dump its goods in other market, including India. It will finally depend on how much price advantage the yuan gets compared with the rupee. The US is the major exporting partner for China, followed by the EU. India’s exports to the US are valued at $47.8 billion while exports to China stand at $13.3 billion.

Source: Economic Times May 09, 2019 02:15 UTC