Rupee depreciation may push up garment, handicraft exports
If the rupee depreciates about 10% and the import content in the product being exported is 20%, the net gain to exports would be 8%, said industry experts. "One can also get the benefit while negotiating contracts. If an exporter hasnt hedged, then they would get windfall gains during the period of depreciation, but most of the time, inflation nullifies the benefit given by deprecation," said Ajay Sahai, director general, Federation of Indian Export Organisations.
New Delhi Aditi Nayar Ajay Sahai Madan Sabnavis Federation Of Indian Export Organisations Indian Export
Source: indiatimes.com