Rupee's 46% Decade-Long Slide Offers Only Muted Relief to Indian Textile Exporters in FY26
Despite a nearly 46% rupee depreciation against the USD over the past decade, Indian textile and apparel exporters face muted gains heading into FY26, with rising global competition and weak external demand offsetting currency tailwinds.
What happened
Indian Textile & Apparel Exporters · Rupee's nearly 46% depreciation against the USD over the past decade has provided only modest relief to Indian textile and
Key facts
- 46% rupee depreciation over decade
- Rs 65 per USD in FY (historic)
Why this matters
Muted FY26 export economics signal a buyer's market for Indian textile assets—scout stressed mid-tier exporters and bolt-ons that bring vertical integration or compliance-grade capacity for Western brands.