Home / Knowledge / News / Apparel/Garments / Appreciating rupee makes exporters apprehensive
Appreciating rupee makes exporters apprehensive
18
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

Apparel/Garments | On 18th Jan 2017

Government considering 100% FDI in single brand retail

The Government of India is looking at allowing 100 per cent foreign...

Courtesy: Walmart

Apparel/Garments | On 18th Jan 2017

Walmart to create 34,000 new jobs in the US

The world’s biggest retailer and also the biggest US private sector...

Courtesy: UN Department of Public Information

Textiles | On 18th Jan 2017

World economy expanded by just 2.2% in 2016: UN

The world economy expanded by just 2.2 per cent in 2016, the slowest...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mark Paterson
Technical Absorbents Ltd

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Igor Chapurin
Chapurin

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search