This week, Indian rupee saw a new one-year decline against the US Dollar in foreign exchange markets. Since the October 1, rupee has suffered the loss of 3.4 percent of its value contrary to the U.S. dollar.
The rupee's fall is a blessing for Indian exporters as it has strengthened India chances to compete with China in a global textile and apparel markets.
On the contrary, the Chinese Yuan has become stronger compared to the US Dollar even though Dollar is pegged upin value.
The Yuan has shown 2.3 percent increase in value against Dollar since June, while Rupee suffered a drop by 4.15 percent since June.
Indian exporters meanwhile, took comparative price benefit of 6.45 percent against Chinese exporters during that period only.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
