Rupee Slide: Short-term gains for some exports to be limited by 50% US tariffs

Indian garment and handicraft exporters face limited gains from a weaker rupee due to steep US tariffs. The rupee has hit a lifetime low against the dollar. While a depreciating rupee usually benefits traditional sectors, US tariffs are impacting sales. Buyers are seeking discounts, and exporters are cautious. The central bank notes the rupee's weakness reflects dollar demand.