HomeSearch results Indian rupee devaluation hits Middle Eastern non-ferrous scrap flows The weakening of the Indian rupee against the dollar in recent weeks, combined with increased Indian import duties, has led to a sharp reduction in scrap flows to the Asian country, according to one Middle Eastern recycler. The devaluing of the rupee, a factor which recently brought containerised US ferrous scrap exports to India to a standstill, has now begun to affect non-ferrous scrap flows, according to industry sources. India’s rupee this week plunged to an all-time low of 60.765 per dollar, breaching the previous low of 59.985 on June 20. ... Email this article Your details Your recipients's details You can enter a maximum of 5 recipients. Use ; to separate email addresses. Email yourself a copy? Enter the code: Ok You might notice something different here.As we continue our evolution, our data and market news is now available through the Fastmarkets platform and a trial of this website is no longer available. Already registered? Log in Our new delivery solution allows you to access the prices and news that matters most to you in a way that delivers value, quality and a unique, fully customizable view for you. Learn More We are developing an experience that allows you to test drive building your view of our data and news on the new platform. In the meantime, we can prepare a quote for you and show you around. Get Started Contact Us +44 (0) 20 7779 8260 hello.mb@fastmarkets.com Published Fleur Ritzema June 27, 2013 15:35 GMT London Keywords India rupee Middle East scrap Related news {{article|snippet:'title'|removeHtmlTags}} {{article|fields:'dates'|date:dateArticleFormat}}
