The rupee has reached a record low against the dollar. But exporters are not getting the benefit of this. Exporters say that orders from American and European countries have declined due to increasing input cost and global uncertainty. In such a situation, a big opportunity to increase exports is coming out of hand. The rupee has fallen sharply in the dollar and the rupee also came to a record low. Exporters should have benefited from this as exports from India to other countries should now be cheaper. But the exporters did not get any benefit. Large exporters of readymade garments are saying that buyers of American and European countries are decreasing order due to tariff war and global uncertainty.
According to exporters, other currency has also been very weak against the rupee, not just the rupee. This ends the price advantage of Indian exporters. Secondly, the decline in the rupee also increases the input cost, as imported raw material and components become expensive and the third thing is that large exporters take the forward cover cover to reduce the currency risk. This means that the cost of production increases but the exporters get the same payment as before. Therefore, it is difficult to benefit from currency movement.