Small exporters really feel the ache as Indian rupee slides to an all-time low


Weaker forex makes some clients to demand advantages or reductions, rue exporters

Matters

Rupee | ICRA | Russia



Shreya Nandi  | 
New Delhi 


The Indian rupee sliding to an all-time low is commonly thought-about a boon for India’s exports. Smaller exporters have a special story to share.

Agra-based leather-based footwear exporter Gopal Gupta who has been grappling with challenges and uncertainty fuelled by the Russia-Ukraine battle that has resulted in excessive logistics prices, has cancelled orders. A weaker native forex has additionally led to larger import prices and shrinking margins over the past three months. “The truth that a weaker forex bodes effectively for exports doesn’t apply to all. When the rupee depreciates, our …




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First Printed: Sat, Might 21 2022. 06:03 IST

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