Weak rupee not enough to tip the scale in favour of India's exports

A weak currency is good for exports. In India’s case, the script is not so straightforward.

While the rupee is Asia’s worst-performing major currency this year, a demand-killing trade war threatens Indian exports that have already been hurt by policy disruptions over the past two years. History shows the currency’s moves have hardly impacted shipments. If anything, a slide in the rupee has ended up inflating the nation’s import bill.

“The situation for export prospects is weak given the kind of trade war happening in the world,” said N.R. Bhanumurthy, an economist at Delhi-based National Institute for Public Finance and