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. “The... 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 To view this content, please take a free trial or subscribe to our service in just a few steps. Already registered? Log in Discover what Fastmarkets MB has to offer with a FREE 7 day trial: View a sample of all 1,000+ prices Access the past month's market insights No commitment Try our global metal company database Get free access now Subscribe now to get access to Fastmarkets MB: 1,000+ metals prices and premiums including key industry benchmarks Prices analysis tool Live news and breaking news alerts Contact information for 11,500+ companies Subscribe now 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}}
