India: Few Foreign Buyers in Market

Slow trading, with few foreign purchasers in theMumbai market. Buyers selective, but having difficulty finding the right goodsat the right price. Suppliers maintaining stable prices on fresh supply, buthave a lot of older merchandise in stock. Manufacturers keeping productionbelow capacity for now, as concerns about profitability persist. Banks raisingcollateral requirements, with liquidity crunch expected through the end of thefiscal year on March 31.

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