No more sops for exporters if rupee rises

Any artificial intervention distorts market mechanics and GK Pillai knows that a subsidy package to help exporters cannot be repeated again and again.While he says that there is every possibility that the rupee will get stronger and such incentives are only one off."Exporters are more aware of rupee appreciation, they will be more careful while placing orders and would hedge their exports which they did not do in the past,” said GK Pillai, Commerce Secretary.