Falling rupee to up inflationary pressures, say Experts

The steep fall in rupee may put some inflationary pressures on the economy as the cost of imports would go up, experts said today.
“Though crude prices have been falling in recent past, decline in the rupee is offsetting its positive impact. I feel, the current spate of depreciation of the rupee is somewhat inflationary due to rise in import costs,” Crisil chief economist DK Joshi told PTI here.

From: http://ping.fm/XeaYg