Rupee depreciation yields limited benefits for exporters: Experts

Depreciation of the rupee against the US dollar is providing limited benefits to domestic exporters due to the high import content in shipments and uncertainties in the global market, according to experts.

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While a weaker rupee typically boosts export competitiveness by making Indian goods cheaper in global markets, certain factors are limiting potential gains. They said many exporters rely heavily on imported raw materials, and the increased cost of imports due to the falling rupee offsets much of the advantage.