Yes, this orders the shell to *replace itself* ("exec ...") with another one ... which might do more changes than you want, such as losing environment-variable settings that are not made by .bashrc. Another common way to do it is to simply put the command which invokes the Perl script into a "two-liner" command-file which ends with a cd command. The Perl script is run, then the current-directory is changed, then the command-file ends, and you're still in the same shell instance.

In reply to Re^2: Is it possible to change the directory of the parent process on Linux? by Anonymous Monk
in thread Is it possible to change the directory of the parent process on Linux? by thirtySeven

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