New Delhi, May 12 (KNN) Strengthening of Rupee below the crucial 60-mark to a dollar is certainly not  good news for the exporters even though the stock market seems to be celebrating strong FII inflows, according to a exporters body.
 
 
"Dollar below Rs 60 will certainly dent competitiveness of Indian products in a tough global market where the Chinese have maintained their competitive edge by calibrating their currency to their advantage,” Chairman of EEPC India, Anupam Shah said. 
 
While the exports, especially the engineering pack, have done well in the first month of the current financial year, the RBI must ensure that the domestic currency does not become too strong by the hot money pursuits in the stock market. 
 
This is the right time for the RBI to buy dollars and build forex reserves," Chairman of the EEPC India (formerly Engineering Export Promotion Council) Shah said. (KNN Bureau)