ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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devaluation of the rupee. Out of the total raw material consumption, 39 per cent was accounted for direct imports. According to the company, the overall inflation in raw material prices was around 11 per cent. Prices ruled high for petroleum- based products, pigments, driers and oils. The company also faced a severe shortage of containers.

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