Missed opportunity: Exporters fail to reap benefits of a weaker rupee

With the import components of major exports becoming costlier and significant goods and service tax (GST) refunds yet to be released, Indian exporters claim the benefits of a weaker rupee are eluding them. 

The rupee has reduced by 15 per cent since the start of the year. Continuously falling for the past six months — the longest such stretch since 2002 — the currency ended at 74.28 to the US dollar on Wednesday. A weaker currency generally denotes better prospects for exports as goods become competitive vis-a-vis competing nations. 

"But contrary to popular perception, this depreciation has not benefited exports to the