Little India retailers feeling the pinch in run-up to Deepavali

Chief executive C. Sankaranathan at the Appollo Sellappas department store in Little India. Sales at the store have been 30 per cent lower in the past two months compared with the same period last year, as customers prefer to remit money earned here
Chief executive C. Sankaranathan at the Appollo Sellappas department store in Little India. Sales at the store have been 30 per cent lower in the past two months compared with the same period last year, as customers prefer to remit money earned here to India, to take advantage of the falling rupee.ST PHOTO: GAVIN FOO

Cash registers in Little India should be ringing non-stop at this time of the year as Deepavali is approaching, but the plunging Indian currency is making customers think twice.

Department store Appollo Sellappas in Dunlop Street is usually busiest during this period, but it is feeling the pinch in the run-up to the festival on Nov 6.

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A version of this article appeared in the print edition of The Straits Times on October 18, 2018, with the headline 'Little India retailers feeling the pinch in run-up to Deepavali'. Print Edition | Subscribe