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Big brands maintain lead
CMAI’s Apparel Index for Q3 October-December FY 2016-17 shows that this quarter has had the lowest growth, so far, with the overall Index Value at 1.4 points, as compared to the previous Quarter (July-Sept FY 2016-17) where overall Index Value was 4.64 points.
Currency crisis hits Indian cotton trade
The currency imbroglio that is currently experienced in India following a cash shortage is hurting the cotton trade. With farmers seeking to sell their produce only in cash, the scarcity of notes has led to daily cotton arrivals declining by almost 50 per cent.
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