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Currency volatility: The evolving landscape of textile trade

Insights

• Currency volatility impacts the textile industry, especially in export-driven economies.
• Exchange rates influence profitability, inflation and trade balances.
• REER plays a vital role in determining a nation's export competitiveness.
• While some textile-exporting countries like Vietnam, Bangladesh and Cambodia continue thriving despite REER fluctuations, others, such as India, face challenges.