The government on Monday scaled down its export target for this fiscal by over 12.5% to $140 billion, acknowledging the impact of the rising rupee on shipments. The commerce ministry had set an export target of $160 billion at the beginning of this fiscal. The value of the rupee has strengthened by over 11% since January to close at a nine-and-a-half year high of 39.37 a dollar on Monday, …

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