Rupee breach of 90 against dollar set to trigger price hikes across consumer goods sector

Rupee’s slide past 90 against the dollar is forcing consumer electronics, beauty, and car companies to consider price hikes, potentially negating recent sales gains from GST cuts. Companies heavily reliant on imports are planning increases of 3-7% due to rising component costs and a weaker rupee, with some hikes expected this month or next.

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