India can make its export promotion schemes WTO- compliant and make the country's exports competitive by allowing the exchange rate to reflect the real value of the rupee , that has only recently shown some parity, helping the exporting community, engineering exporters' body, EEPC India said on Thursday. ' Until about a few weeks ago, we had seen and felt the effect of undervalued rupee on our export margins. Keeping the currency a bit muted for export promotion has not been appreciated enough .