>>
Home / Knowledge / News / Textiles / Current appreciation to hit small exporters: FIEO

Current appreciation to hit small exporters: FIEO

20
Oct '09
Mr A Sakthivel, President, Federation of Indian Export Organisations (FIEO) while commenting on the volatility of the rupee stated that (a) the rupee was bolstered or fell with an increase/decrease in the Indian benchmark SENSEX and (b) dollar weakness/relative strength of Asian currencies and, as such, has kept the MSME export sector on tenterhooks as they are worried about net realizations falling into a negative zone as they work on leaner margins in the present times.

FIEO Chief elaborated that large current account surpluses and low inflation rates retained the supremacy of the dollar. But the present volatility of a domestic currency vs. dollar is difficult not only for India (since exports are on the downturn) but also for economies of both Japan and Europe which are also dependent on exports.

The American currency on the other hand would prefer to be “weak" given the current situation. [The American treasury sold $1.4 trillion in fiscal 2009 ended Sept 30th to finance its budget deficit]. There is, however a shift in dollar as a “reserve currency" globally and it is 37% of the new reserves down from an average of 63% since 1999.

Mr Shaktivel opined that while the large exporters manage to hedge (which also comes at a cost) smaller exporters have to make do with a mark-up on their export pricing. The only possibility could be cheaper dollar loans as against LIBOR +3.5% (or more practically) in the given circumstances.

Federation of Indian Export Organisations


Must ReadView All

Pic: Anton_Ivanov / Shutterstock.com

Retail | On 27th Jan 2022

UK retail sales volumes fall at fastest rate in 11 months in Dec 2021

UK retail sales volumes fell by 3.7 per cent in December 2021, the...

Pic: Shutterstock

Textiles | On 26th Jan 2022

Vietnam-US trade hits $111.56 bn in 2021

Vietnam-US trade hit $111.56 billion in 2021, up by nearly $21...

Pic: Shutterstock

Textiles | On 26th Jan 2022

Turkey using less coal, hydropower; use of renewables, gas up: Ember

The use of coal and water for energy in Turkey reduced in 2021, while ...

Interviews View All

Vandana Narang, National Institute of Fashion Technology

Vandana Narang
National Institute of Fashion Technology

Campus placements are low due to lockdowns

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Sustainable and eco-friendly fibres remain in the minority

Textile Industry, Head honchos

Textile Industry
Head honchos

Consistency is the first rule of social media

Atul Ganatra,

Atul Ganatra

<div>Engaged in providing a wide range of services to the entire cotton...

Susanna Koelblin,

Susanna Koelblin

Founded in 1920, Eastman is a global specialty materials company that...

Rajat Kapoor,

Rajat Kapoor

Seraphine is a British maternity brand providing affordable luxury fashion ...

Brad Holschuh, Wearable Technology Lab, University of Minnesota

Brad Holschuh
Wearable Technology Lab, University of Minnesota

A new study led by researchers at the University of Minnesota's Design of...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Tonny De Beer, PFNonwovens

Tonny De Beer
PFNonwovens

PFNonwovens (PFN) was established in 2018 by the combination of two...

Sunita Shanker, Label Sunita Shanker

Sunita Shanker
Label Sunita Shanker

Inspired by the rich traditional crafts of India, Sunita Shanker’s work is ...

Rocky Star, Label - Rocky Star

Rocky Star
Label - Rocky Star

<b>Rocky Star,</b> an Indian designer known for his inspiration from the...

Samant Chauhan, Label Samant Chauhan

Samant Chauhan
Label Samant Chauhan

Delhi based fashion designer, <b>Samant Chauhan</b> who mostly works on...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

Truetzschler India Private Limited
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Walmart
Gatsby Africa
THE BOMBAY DYEING ;& MFG.CO. LTD
John Varvatos
Varner AS Retail
Calvin Klein
J ;& P Coats
IKEA of Sweden AB
Eastman Chemical Company
Alison Hayes Romania
Benetton Group
PVH Corporation
Under Armour Global Sourcing Ltd
Cat Tuong Real Estate Group Joint Stock Company
NITI Aayog
Rosset ;& Cia Limited
Phong Phu international JSC (PPJ)
Lululemon Athletica Inc
SYNERGIES HONG KONG LIMITED
Bluestem Global Sourcing Limited
Grasim Industries Limited
Abit
SHAHI Exports Pvt Ltd
OVS Hong Kong Sourcing Ltd.
Vianney Textil Hogar S.A. De C.V.
Guess Europe Sagl,
Hirdaramani International Export Private Limited
Amazon China
Lacoste (Wanchai)
International Textile Manufacturers Federation
LC Waikiki
BIANCA
Chico’ FAS
Asos
G-Star Raw C.V.
Hela Clothing Pvt Ltd
BIMBA ;& LOLA SL
Permoda(Koaj/Armi/Pronto/Bkul)
Puma
Seasalt Limited
Sateri (Jiujiang) Fiber Co.,Ltd
The LYCRA Company Singapore  Pte. Ltd
Alix Partners
Recron Polyester from Reliance Industries Limited
Sportmaster Ltd.
The Top Form Brassiere Manufacturing Company Limited
Desigual - ABASIC, S.A.
IDH – The Sustainable Trade Initiative
Aramark Uniform ;& Career Apparel, LLC
Tory Burch Hong Kong Ltd
Helly Hansen Far East Ltd
Huntsman (Singapore) Pte Ltd
Vardhman Textile Ltd
Esprit Europe Services GmbH
Babyshop
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
TESCO INTERNATIONAL SOURCING LIMITED
Green Fibre
Sainsbury's Argos Asia Limited
Midas Clothing Limited
KIABI
Groz-Beckert East Asia LLP
Landmark Group
Etam Group Strategy Hong Kong Limited
KAS Direct Sourcing
MAS Active / MAS Kreeda / MAS Bodyline
Splash
Gokaldas Exports Limited
Tommy Hilfiger
Lifestyle
Decathlon
Brandix Lanka Limited
Gap International Sourcing Limited
Restoque S.A.
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Arvind Limited
C;&A Sourcing International Ltd
Rayonese Textile Inc., Division de Culp Inc.
Page Industries Limited (Bangalore)
Gloria Jeans
Maceton Limited
Sportswear Company Spa
Target Corporation (MN)
Boardriders Asia Sourcing Limited
H;&M Hennes ;& Mauritz (Far East) Ltd
Chori Company Limited
Tchibo GmbH
Lisa S.P.A.

January 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search