Rupee depreciation helps exporters to increase competitiveness in market: FIEO

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Rupee depreciation helps exporters: FIEO
Exporter's body Federation of Indian Export Organisations (FIEO) said rupee depreciation has helped in increasing competitiveness of domestic exports as traders have registered over 20 per cent growth in order books, reported PTI.

FIEO President Rafeeque Ahmed asked exporters to use rupee depreciation to augment exports by cutting down their prices and out price their competitors.

In a statement, Ahmed said, "Rupee depreciation has imparted some competitiveness to exports which are visible in order book positions where we are seeing over 20 per cent growth across many sectors."

He said that the country would easily cross the exports targets for the current fiscal and trade deficit will be much less as compared to 2012-13.

Dion Global Solutions Ltd.

Read more about: rupee depreciation, exporters
Story first published: Wednesday, August 21, 2013, 9:10 [IST]
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