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Indian Exporters see limited gains from Weaker Rupee

December 23, 2024
Reading Time: 2 minutes
Indian Exporters see limited gains from Weaker Rupee

NEW DELHI : The Indian rupee’s depreciation to an all-time low of Rs 85.10 per US dollar has brought a mixed bag of outcomes for exporters and import-reliant industries. 

While sectors like garments, handicrafts, and engineering goods are poised to gain a modest 5-10 per cent, rising oil and commodity prices are neutralising benefits for import-dependent industries, including gems, jewelry, and electronics, trade insiders reveal.

Traditional export sectors such as textiles and leather are expected to reap immediate advantages from the weaker rupee. 

“The rupee . . .

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Disclaimer: This information has been collected through secondary research and Daily Shipping Times is not responsible for any errors in the same.

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