Indian textile industry facing dual challenge over currency move

News Tags: cotton yarn export, currency move, Indian textile industry

New Delhi
Indian textile industry facing dual challenge over currency move
Summary: 
Indian textile industry together with including cotton yarn is facing dual challenge with the Indian rupee appreciating while there is depreciation in the Chinese currency against the dollar. In this situation, textile exports in the international market are jeopardize as buyers are preferring Chinese products due to price advantage, on the other hand orders which have been coming in are at lower prices, while cotton prices are on the higher side.

Indian textile industry together with including cotton yarn is facing dual challenge with the Indian rupee appreciating while there is depreciation in the Chinese currency against the dollar. In this situation, textile exports in the international market are jeopardize as buyers are preferring Chinese products due to price advantage, on the other hand orders which have been coming in are at lower prices, while cotton prices are on the higher side.

http://www.business-standard.com/article/economy-policy/cotton-yarn-exports-facing-chinese-road-block-114040700665_1.html
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