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Fall of rupee results in piling up of imported coal at ports

Fall of rupee results in piling up of imported coal at ports

Fall of rupee has resulted in the piling up of coal at Indian ports. Major Indian ports have more than 3.5 million tonne (mt) of coal stockpiles because importers are refusing to take deliveries as the rupeeÂ’s fall against the dollar has made the landed price of the imported coal unexpectedly high.