India corn demand up overseas on sliding rupee

Indian corn exports could revive after a slump in October-January demand as a weakening rupee against the dollar would make the nation's grain cheaper in overseas markets, a senior industry official said Friday.

"It could change the dynamics of exports," Amit Sachdev, India representative of the US Grains Council, told Dow Jones Newswires. "Exports could rise because of this."

Indian rupee has lost ground against the dollar since early 2008, but the pace has quickened over the past few days on weak capital inflows.

The local currency is hovering around Rs51-Rs52 per dollar, from Rs48-Rs49 a week ago.