Related Keywords: depreciating yuan, global textile and apparel importers, higher realization of export driven products, new contract orders deferred, prices with Indian exporters, renegotiate contract terms, rupee falls against dollar
With the depreciating yuan , the rupee has fallen 3.60 percent to trade at 66.65 against the dollar early Monday. It has depreciated 5.52 percent so far this year. Depreciation in the rupee has prompted global textile and apparel importer to renegotiate the contract terms and prices with Indian exporters resulting in higher realization of export-driven products from India. Now, new contract orders are being deferred till the Indian currency stabilises.
