Will the falling Rupee sink India’s solar dream?

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The rupee’s weakness is driven by the fact India is a net importer, and needs more dollars every year to import. The fall does not bode well for the import-driven Indian solar sector which, in 2017, imported solar PV modules and cells totaling nearly $4.12 billion, a 43% increase from the $2.88 billion recorded the previous year.

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