10 March 2022, Mumbai:
Exporters to be the key gainers out of plummeting rupee exchange value.
The rupee has depreciated 3.5% this year.
TAILWIND
Rupee depredation
To benefit labour-intensive exports.
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ALSO READ: India’s Textile and Clothing (T&A) exports increased in rupee terms: April-December 2021
The Concerns
Limited gain for high
Import-intensive sectors
Imported
Raw material becomes expensive
Buyers seek discounts, say exporters receiving queries from buyers to cut prices for fresh orders. "Our orders from Europe are being deferred red and there are issues related to shipping also.
And many buyers want us to pass on the benefits of a weaker rupee to them," said a Delhi-based garment exporter, who did not wish to be identified.
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CREDITS: ET Dated 10-03-2022.
