Importers say their businesses will collapse if they sell imported commodities at market prices that are declining as a result of the appreciation of the rupee.
Spokesman for the essential commodity importers and traders association Nihal Seneviratne said most importers are unable to cope with the situation following the sudden devaluation of the US dollar.
Commodities imported at Rs. 370 per USD still remained in warehouses when the USD fell to Rs. 310, he said.
Also, they are still receiving the orders made at previous rates.
