Exports stood at $11.87 billion during the month as against $10.40 billion  in the year-ago period.
This has brought down the overall increase in exports in the first quarter of April — June to 18.11 per cent, which is much below the 28 per cent growth targeted for current financial year. In 2007-08, the Centre has targeted exports of $160 billion against $125 billion in the previous fiscal.
Exporters attribute the dip in growth rate to the appreciating rupee, which has gone up by over 11 per cent since August last year. They say poor realisations due to rupee rise is impacting their competitiveness, forcing them to cut down on their order bookings.