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

Weaker currency makes some customers to demand benefits or discounts, rue exporters

exporters, shoes
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The main challenge is to ascertain what the value of the rupee will be in the next few months, as payments are made at a later date, an exporter says

Shreya Nandi New Delhi
The Indian rupee sliding to an all-time low is often considered a boon for India’s exports. Smaller exporters have a different story to share.

Agra-based leather footwear exporter Gopal Gupta who has been grappling with challenges and uncertainty fuelled by the Russia-Ukraine conflict that has resulted in high logistics costs, has cancelled orders. A weaker local currency has also led to higher import costs and shrinking margins over the last three months.

“The fact that a weaker currency bodes well for exports doesn’t apply to all. When the rupee depreciates, our customers demand benefits or discounts,” said Gupta.

First Published: May 21 2022 | 06:03 AM IST

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