OECD imports of leather: Indian performance and real exchange rates of the Indian rupee

This article reports an econometric investigation of shares by source in imports of leather and leather manufactures into OECD markets over the period 1974–87, at four‐digit SITC level. The Indian share at each destination relative to that of other major exporters, taken serially and independently, is tested for sensitivity to relative price fluctuations as measured by the real bilateral exchange rate between the Indian rupee and the currency of the fellow exporter. The pattern of findings by product category and destination provides important guidelines for exchange rate policy and export strategy.