The recent appreciation of the dollar against the Indian currency has failed to help seafood exporters operating in the southern region, according to reports in the Times of India.
Usually, a weak rupee should benefit all exporters alike, but nearly 15 seafood companies in the region, most of them in Tuticorin, claim they are yet to see substantial gain from the weakening of rupee.
Adding to their worries are the latest signs that the rupee is rebounding and gaining strength.
Most of the biggest exporters reportedly transact business worth as much as Rs 2,000 crore per annum.
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