Appreciating rupee erodes margins of textile exporters

The currency has appreciated more than 5% against the US dollar in 2017, much more than some of its competing peers. In a four-part series, Business Standard looks at the impact of a strong rupee on India’s key export-oriented sectors, starting with textiles and apparels

The rupee’s appreciation by over 5 per cent against the dollar in 2017 is hurting exporters even as competition from Bangladesh, Vietnam and China has over the last several years subdued growth of Indian textile and apparel exports.

Exporters said the rupee’s strength had shrunk their margins and they were worried about further