New Delhi, The rupee has hit a record low against the dollar and could now have an impact on the pockets of the general public. According to industry insiders, prices of home appliances and consumer electronics, such as televisions, washing machines and refrigerators, are likely to rise by 3 to 4 per cent by the end of this month or June next month.
According to industry sources, the weakening rupee and rising inflation have led to a sharp rise in manufacturing costs. To compensate for this, companies are forced to deliver to customers.
According to sources, the devaluation of the Indian rupee against the US dollar has exacerbated manufacturing problems as imported components have become more expensive and the industry is dependent on imports for very important parts.
Apart from this, many ships are docked at Shanghai port due to the strict lockdown imposed due to increasing cases of Kovid-16 in China. In such a situation, the problem of shortage of parts has increased and the pressure on the stock of producers has increased. Many such products that are heavily dependent on imports are missing from the market.
The Consumer Electronics and Equipment Manufacturers Association (SIMA) said the depreciation of the rupee against the US dollar has added to the problems for the industry.
