Home / Knowledge / News / Apparel/Garments / Appreciating rupee makes exporters apprehensive
Appreciating rupee makes exporters apprehensive
Nov '09
The rising rupee is leading to a feel of dismay in the textile and apparel exporter's community as it has come at a time when signs of a turnaround are visible in the key markets of the US and some countries of the European Union.

To add to the depression was the news that overall exports from country had fallen by a thumping 11.4 percent to US $12.5 billion in October.

The manufacturers and exporters in the textile and apparel industry are also fighting against the rising costs of raw materials, more particularly key raw materials like cotton, the prices of which have increased by 10-12 percent in recent days.

The rupee is quoting at Rs 46.22 to a dollar a surge of 14 percent from its record low of 52.20, which it touched in March and according to a few analysts, the exporters can expect far worse days as the rupee is expected to appreciate to Rs 45 to a dollar by the first quarter of 2010.

China which is one of the biggest competitors of India in global markets has fixed the exchange rate of the Yuan to the dollar which helps the exporters to bag more orders as they do not face uncertainty of a appreciating or depreciating Yuan.

Share of India in the worldwide apparel sector has fallen from a high of 3.3 percent to a dismal 2.6 percent in recent years and if the rupee appreciates as per predictions, the clothing sector could once again miss its export target for 2009-10.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Fila Korea

Textiles | On 25th Oct 2016

Fila Korea to set up R&D centre in China

Leading apparel brand Fila Korea is planning to establish an apparel...

Textiles | On 25th Oct 2016

Pakistan powerloom sector on verge of closure: APCPA

The powerloom sector in Pakistan is undergoing serious crisis and is...

Textiles | On 24th Oct 2016

Indian govt plans roadshows to promote textile exports

The Indian government has planned to conduct roadshows to boost the...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search