The rupee opened 9 paise higher against the dollar at 89.57.The Indian rupee opened at 89.57 against the dollar on Wednesday, compared to its closing rate of 89.66 on Tuesday.Read more :- Rupee fell 02 paise to close at 89.66 per dollar
The Indian rupee on tuesday lower 02 paise to close at 89.66 per dollar, while it opened at 89.64 in the morning.At close, the Sensex was down 42.64 points or 0.05 percent at 85,524.84, and the Nifty was up 4.75 points or 0.02 percent at 26,177.15. About 2146 shares advanced, 1725 shares declined, and 130 shares unchanged.read more :- US Upland cotton exports recover modestly, Pima muted in week of Dec 4
US Upland Cotton Exports Recover; Pima MutedUS Upland cotton export sales showed a modest recovery in the week ending December 4, although demand remained subdued on a year-on-year basis, according to the US Department of Agriculture’s weekly export sales report.Net Upland sales for the current marketing year edged up to 153,300 running bales (RB), each weighing 226.8 kg, from 135,900 RB the previous week. This was broadly in line with last year’s 153,000 RB, pointing to stabilisation rather than a clear rebound in buying appetite.Shipments eased week on week to 101,600 RB from 122,100 RB but were in line with the year-ago level, reflecting continued execution of existing contracts. Accumulated exports rose to 2.41 million RB from 2.31 million RB a week earlier and exceeded 2.28 million RB in the same week last year. Outstanding sales increased marginally to 3.47 million RB from 3.42 million RB but remained well below 4.73 million RB a year ago, underlining weaker forward coverage by global mills.Forward sales for the next marketing year stayed limited at just 300 RB, sharply lower than 3,300 RB booked in the same week last year, highlighting ongoing caution over future yarn demand and margins.Buying remained selective. Vietnam led weekly bookings with 70,400 RB, followed by Pakistan at 14,100 RB and the Republic of Korea at 11,700 RB. Turkiye booked 11,000 RB, while India added 7,600 RB and Bangladesh 4,400 RB. Although Vietnam’s demand remained relatively strong, overall participation was narrower than historical norms, reinforcing the view that mills are buying hand-to-mouth amid persistent uncertainty across global textile markets.Pima cotton export activity was largely steady but muted. Net Pima sales for the current marketing year totalled 6,200 RB, slightly below 6,900 RB a year earlier. Outstanding sales fell to 58,500 RB from 63,100 RB last week and were well below 105,600 RB in the same period last year. Accumulated Pima exports increased to 119,600 RB from 104,600 RB a week earlier, indicating shipment-driven progress rather than renewed buying interest, as premium spinners continued to procure cautiously in a weak downstream environment.READ MORE :- India-New Zealand FTA to increase exports of textiles, clothing: CITI
India–NZ FTA to Boost Textile, Apparel Exports: CITIThe Confederation of Indian Textile Industry (CITI) warmly welcomes the completion of Free Trade Agreement (FTA) negotiations between India and New Zealand, as it will greatly benefit the country's textile and clothing sector, which is looking to expand into new markets.The India-New Zealand FTA will give zero-duty market access to 100 percent of India's exports. In 2024, India was the third largest exporter of textile and clothing products to New Zealand after China and Bangladesh. India's textile and clothing exports to New Zealand in 2024 were $138.65 million.CITI Chairman Ashwin Chandran said in a statement, "Less than a week after the signing of the Comprehensive Economic Partnership Agreement (CEPA) between India and Oman, the completion of FTA negotiations between India and New Zealand demonstrates India's focus on market diversification for trade and services. For the textile and apparel sector, this certainly means greater market access opportunities. The industry is deeply engaged with these new FTA partners. will have to focus on diversification of its product basket.”Chandran added, "CITI would like to express its heartfelt gratitude to the Prime Minister, Commerce Minister and all concerned authorities for expeditiously concluding the FTA negotiations with New Zealand, which have huge potential for Indian textile and clothing products."The CITI Chairman said that the India-New Zealand FTA will help India's textile and apparel exporters, who are actively working on a diversification agenda, reduce their dependence on select markets and help the country achieve its national target of $100 billion in textile and apparel exports by 2030. He said the FTA with New Zealand would increase market access for Indian companies, making Indian textile and clothing products more attractive and price competitive to existing and potential buyers there.In July, India signed the Comprehensive Economic and Trade Agreement (CETA) with the United Kingdom. India is also in the advanced stage of FTA negotiations with the European Union and other countries. In addition, a bilateral trade agreement (BTA) with the United States is being negotiated. India's textile and clothing exports in the fiscal year 2024-25 were about $38 billion.READ MORE :- Maharashtra: CCI Cotton Procurement: CCI Procures Over 4.5 Lakh Quintals of Cotton
Maharashtra: CCI Procures 4.5 Lakh Quintals of CottonCotton procurement at Cotton Corporation of India (CCI) centers in Parbhani and Hingoli districts has crossed the 4 lakh quintal mark. As of Monday (22nd), 4,50,341 quintals of cotton had been procured at the 14 CCI centers in these two districts. In contrast, private buyers procured 1,95,523 quintals. CCI has procured more than double the amount procured by the private sector.69,990 farmers from both districts have registered through the cotton farmer mobile app to sell their cotton at guaranteed prices at CCI centers. Of these, 30,479 farmers have been verified and approved to bring their cotton for sale.In Parbhani district, 58,830 farmers have registered at 10 Agricultural Produce Market Committees (APMCs) in Parbhani, Bori, Jintur, Selu, Pathri, Sonpeth, Gangakhed, Palam, and Tadkalas. Of these, 26,082 farmers have been verified and approved to sell their cotton. Under these 10 APMCs, 3,83,980 quintals of cotton have been purchased at 29 ginning factories, with prices ranging from Rs. 7,710 to Rs. 8,060 per quintal.In Hingoli district, 11,160 farmers have registered to sell cotton at CCI centers under 4 APMCs in Hingoli, Akhada Balapur, Vasmat, and Jalal Bazar. Of these, 4,397 farmers have been verified and approved to bring their cotton for sale. Under these market committees, 66,361 quintals of cotton were purchased from 5 ginning factories at a rate ranging from Rs. 7,712 to Rs. 8,060 per quintal.Private traders purchased 1.76 lakh quintals of cotton.In Parbhani district, 191,632 quintals of cotton were purchased from 25 ginning factories under 10 Agricultural Produce Market Committees, and in Hingoli district, 3,891 quintals of cotton were purchased from 3 ginning factories under 2 market committees at a rate of Rs. 6,700 to Rs. 7,200 per quintal. In Parbhani district, CCI and private traders together purchased a total of 575,612 quintals of cotton, while in Hingoli district, CCI and private traders together purchased a total of 70,252 quintals of cotton. Sources from the State Cotton Marketing Federation stated that in these two districts, CCI and private traders together purchased 645,864 quintals of cotton. Status of CCI cotton procurement in Parbhani district.Send feedbackREAD MORE :- Haryana: Government Cotton Procurement Limited to Paperwork, Farmers Harassed in the Name of Quality
Haryana Cotton Procurement Stalled, Farmers Face Harassment Over QualityIn Charkhi Dadri, government procurement of cotton appears to be limited to mere paperwork. A month has passed since procurement began, but only four thousand quintals of cotton have been purchased so far, leaving farmers and their organizations angry. Farmer organizations have accused CCI (Cotton Corporation of India) representatives of harassing farmers in the name of quality. They have warned of an agitation if cotton procurement is not completed within the stipulated time.Major Allegations Against CCI RepresentativesIt is noteworthy that after a long wait, government procurement of cotton finally began in Dadri on November 20th. Almost a month has passed since the start of procurement, but the pace of cotton purchase has been much slower than expected. As a result, farmers who were hoping to benefit from the Minimum Support Price (MSP) by selling their cotton through government procurement have been disappointed.It is alleged that the Cotton Corporation of India (CCI) is repeatedly rejecting cotton citing poor quality. Consequently, only a nominal number of farmers have been able to sell their cotton. Of these, only four thousand quintals of cotton have been purchased from approximately 200 farmers.Farmers Selling Cotton at Low PricesFarmer organizations say that during the Kharif season in the district, besides millet, paddy and cotton were the main crops cultivated. Farmers waited a long time for government procurement of cotton and were forced to sell their produce in the private market at prices 1000 to 1500 rupees lower than the MSP. When government procurement finally began, they hoped for relief, but due to the continuous rejection of cotton on quality grounds, farmers are still forced to sell their cotton at distress prices in the private market. This is causing them significant financial losses.Farmers' Meeting on December 24thFarmer leader Jagbir Ghasola said that CCI representatives are only harassing farmers in the name of quality during cotton procurement. He alleged that they are colluding with middlemen to adjust the cotton that farmers had already sold in the private market. As a result, farmers are completely deprived of the benefits of government procurement. He said that a meeting with farmers will be held at Rose Garden in the city on December 24. Issues such as the reduction in price difference compensation and crop compensation amounts, as well as the harassment of farmers in the name of quality during cotton procurement, will be discussed at the meeting.Memorandum submitted to the SDM: Randhir Singh KungarRandhir Singh Kungar, the Dadri district president of the All India Kisan Sabha, said that their protest is ongoing in Badhra regarding the pending demands of the farmers. They have already submitted a memorandum to the SDM regarding the farmers' demands. During that time, the officials were also informed about the situation of cotton procurement, but no action has been taken yet. As a result, farmers in the district are unable to sell their crops through government procurement.He said that the future course of action will be decided after consultation with the executive committee.Cotton procurement will pick up pace: Center In-chargeChandrashekhar Bahadur, the in-charge of the CCI Dadri center, said that the lack of quality is hindering cotton procurement. Cotton is being rejected due to yellowness, moisture, etc. He said that cotton that meets the quality standards is being purchased. Currently, procurement is taking place at three mills, and four thousand quintals of cotton have been purchased from 200 farmers.He said that most of the poor-quality cotton has already been sold through private procurement. Now, some improvement in the quality of cotton is being observed, and it is expected that cotton procurement will gain momentum in the coming days.READ MORE :- The rupee opened 01 paise higher at 89.64 against the dollar.
Rupee opened 01 paise higher at 89.64/USDThe domestic currency opened at 89.64 against the US dollar, as compared to 89.65 against the greenback at previous close.read more :- The rupee closed stable at 89.65/USD.
On Monday, the Indian rupee closed at 89.65 against the dollar, the same level at which it had opened in the morning.At the close of the market, the Sensex rose by 638.12 points or 0.77 percent to 85,567.48, and the Nifty gained 206 points or 0.79 percent to close at 26,172.40. Approximately 2,601 shares advanced, 1,363 declined, and 163 remained unchanged.Read More :- Need more free trade pacts to compete with Bangladesh, others in textile exports: Vice President
VP Calls for More Free Trade Pacts*New Delhi:* Vice President C P Radhakrishnan on Saturday stressed on the need for India to enter into more free trade agreements (FTAs) to gain a level-playing field with competitors like Bangladesh in global textile and apparel export markets.Addressing the Apparel Exports Promotion Council (AEPC) awards event here, the vice president observed that previously, not many countries were competing with us for garment exports globally, but now there are many nations, like Bangladesh, Laos, Cambodia, Vietnam and the African countries."So FTA is a must ... it is the greatest advantage they (our competing nations) are having," Radhakrishnan said.Asserting that India's target is to achieve the textile market size of USD 350 billion by 2030, with USD 100 billion in textile exports, he urged the apparel industry to also actively explore new markets and adopt eco-friendly manufacturing practices, responsible sourcing, and strategies to minimise waste."Only constraint today is the FTA with America is a little uncertain. I think it is only a matter of time," the vice president said.Acknowledging that "there are a lot of constraints" on the Indian textile and apparel industry because of the geopolitical situation, he said, India is the 6th largest exporter of textiles and apparels globally, which stands as a testament to the immense contribution of the textile industry in our nation's growth story.The vice president expressed confidence that India's textiles exports will double in the next three years."We cannot ignore the textile industry in India... It will grow, and I am sure you will be doubling your exports in the next three years," he said.India's textiles and apparel exports stood at USD 37.75 billion in the last financial year 2024-25.Speaking on the occasion, Sudhir Sekhri, Chairman, AEPC, said, "Despite global uncertainties, Indian apparel exports recorded a commendable 10 per cent growth in 2024-25. In November 2025 alone, exports grew by 11.3 per cent over November 2024, and by 22.1 per cent over November 2023. Cumulatively, RMG (ready-made garment) exports during April-November 2025-26 stood at USD 10.08 billion, reflecting sustained momentum and resilience despite global headwinds".Read More :- Cotton farmers call for urgent focus on yield-related issues
Cotton Farmers Seek Urgent Yield SolutionsCotton farmers In Telangana are struggling to get the minimum support price (MSP) of ₹8,110 a quintal as unseasonal and heavy rains have affected the quality of cotton. Jaipal, a cotton grower, said the farmers get just ₹7,800 for a quintal in the market.“The farmers are getting just about five quintals [one quintal amounts to 100 kg] an acre, where they should have got 8-12 quintals. That is the reason we are incurring losses,” says Jaipal.The Cotton Corporation of India (CCI) has purchased more than 45 lakh bales of cotton this year, since October 1, from the farmers at MSP.While the farmers who meet the norms of the CCI get the MSP, there are many who are unable to meet the quality standards and also the other norms that the agency prescribes. For instance, in Tamil Nadu, CCI procurement from cotton farmers is nil.“The daily arrivals are approximately 2.5 lakh bales. Last year, the CCI purchased about 38 lakh bales of cotton at MSP during the first 2.5 months of the season. This year, it has crossed 45 lakh bales. We expect to buy close to 125 lakh bales this cotton marketing season,” said Lalit Kumar Gupta, the Chairman and Managing Director of CCI.Union Minister of State for Textiles Pabitra Margherita said in a written reply to a question in Rajya Sabha on Friday that there were over six million cotton farmers and to ensure remunerative prices to farmers, the MSP for the 2025-26 cotton marketing season was fixed at ₹7,710 per quintal for medium staple cotton and ₹8,110 per quintal for long staple cotton, providing a minimum 50% return over the cost of production.The CCI has operationalised 570 procurement centres across 11 States and has sourced cotton worth ₹13,492 crore through transparent e-auction mechanisms to prevent distress sale by farmers, he said.The CCI purchased 100 lakh bales of cotton at MSP during the 2024-2025 cotton season. While the quality of cotton that arrived in the market in October and November was poor because of unseasonal rains in the cotton growing regions, the quality had improved now, Mr. Gupta said.According to the textile industry and cotton traders, quality is an issue this year because of the rains.While the textile industry is demanding removal of import duty on cotton, it is also urging the government to address the issues related to cotton yield and seed quality.Indian MSP for cotton is at least 10 % more than the international prices. But, area under cotton in 2025-2026 is 3.5 % less than last season and the crop size is 1.7 % lesser. The average yield is 448 kg per hectare which is one of the lowest globally, say sources. At least 20 countries are having higher yield. For yield to improve, seed technology and agronomy research need urgent focus so that cotton productivity increases and cotton growers get better earnings, say stakeholders in the cotton sector.Read More :- The rupee opened 38 paise lower at 89.65/USD.
The rupee opened 38 paise lower at 89.65 per dollar.The Indian rupee opened at 89.65 per dollar on Monday, compared to its previous close of 89.27.Read more :- Import Duty Exemption on Cotton Reduces Costs for Textile Industry: Minister
Cotton Import Duty Exemption Lowers Textile Costs*New Delhi:* (IANS) The exemption of the 11 percent import duty on cotton has led to a softening of domestic prices, which are currently between Rs 51,500 and Rs 52,500 per candy, ensuring affordable prices for the textile industry, while MSP-based support will continue to protect farmers, Parliament was informed on Friday. Minister of State for Textiles, Pavithra Margerita, said in a written reply to a question in the Rajya Sabha that since the duty exemption, international prices equivalent to S-6 cotton have decreased from approximately 79.15 US cents per pound before August 19, 2025, to approximately 73.95 US cents per pound in December 2025, indicating a downward trend in global prices.Domestic cotton prices have also decreased accordingly from approximately Rs 57,000 per candy to approximately Rs 52,500 per candy, broadly in line with the fluctuations in international prices. She said that domestic prices are influenced by global and domestic demand-supply situations, exchange rates, and quality considerations, while cotton imports during the 2024-25 season constituted approximately 13.93 percent of the total domestic consumption. Margerita added that the government supports cotton farmers through the Minimum Support Price (MSP) system, which provides a return of at least 50 percent over the cost of production. For the 2025-26 season, the MSP for medium staple cotton has been fixed at Rs 7,710 per quintal and for long staple cotton at Rs 8,110 per quintal, which is Rs 589 per quintal higher than in 2024-25. To prevent distress sales, the Cotton Corporation of India (CCI) has procured approximately 31.19 lakh bales of cotton worth ₹13,492 crore under Minimum Support Price (MSP) operations through 570 procurement centers across 149 districts in 11 states as of December 11, 2025. The minister stated that cotton imports from the USA have increased to meet the quality and supply requirements of the domestic textile industry, which consumes approximately 94 percent of India's cotton.During August-September 2025, including the period after the temporary waiver of the 11 percent import duty, imports from the US were aligned with industry requirements. Overall, cotton imports into India increased from 15.20 lakh bales in 2023-24 to 41.40 lakh bales in 2024-25, helping to bridge the demand-supply gap. The minister explained that these imports ensure the availability of specific cotton varieties and support export-oriented production, thereby enhancing the global competitiveness of India's textile sector.The CCI procures cotton under the MSP scheme to ensure fair prices for farmers. He further added that MSP operations are continuing to protect farmers from price fluctuations and ensure remunerative returns.Read more :- CCI reduced cotton prices, selling 51,300 bales in e-auctions.
CCI Cuts Cotton Prices; Weekly E-Auction Sales Touch 51,300 BalesThe Cotton Corporation of India (CCI) has reduced its cotton prices by up to ₹200 per candy during the current week. With this, CCI has sold nearly 93.27% of the cotton procured under the 2024–25 season through its ongoing e-auction programme.During the period 15–19 December 2025, CCI conducted regular online auctions across multiple centres for mills and traders. These auctions recorded total sales of around 51,300 bales for the week, reflecting steady demand from both segments.Weekly E-Auction Sales Details15 December 2025:Total sales stood at 11,600 bales, with mills lifting 9,200 bales and traders purchasing 2,400 bales.16 December 2025:The highest sales of the week were recorded at 14,800 bales. Mills bought 2,800 bales, while traders accounted for 12,000 bales.17 December 2025:Sales remained strong at 13,900 bales, including 9,900 bales purchased by mills and 4,000 bales by traders.18 December 2025:Sales declined to 5,900 bales, of which mills bought 4,400 bales and traders 1,500 bales.19 December 2025:The week concluded with sales of 5,100 bales, with mills purchasing 4,800 bales and traders 300 bales.With these transactions, CCI’s cumulative cotton sales for the 2024–25 season have reached approximately 93.27 lakh bales, accounting for 93.27% of the total cotton procured so far.
On Friday, the Indian rupee closed 88 paise higher at 89.27 against the dollar, after opening at 90.15.At close, the Sensex was up 447.55 points or 0.53 percent at 84,929.36, and the Nifty was up 150.85 points or 0.58 percent at 25,966.40. About 2538 shares advanced, 1326 shares declined, and 127 shares unchanged.read more :- The Ministry of Textiles and NICDC of India held a stakeholders' meeting on PM MITRA.
India's Ministry of Textiles and NICDC hold stakeholder meeting on PM MITRAThe National Industrial Corridor Development Corporation (NICDC) and the Ministry of Textiles, Government of India, held a stakeholder consultation meeting to explore partnership opportunities for the development of PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks under the Design, Build, Finance, Operate, and Transfer (DBFOT) model.The Ministry of Commerce and Industry said in a press release that this consultation is part of an ongoing series of market-sounding activities aimed at building a robust, market-aligned framework to ensure the timely and effective implementation of the PM MITRA scheme.The meeting focused on engaging potential master developers for the three proposed greenfield PM MITRA parks under the PPP/DBFOT model. These include the Lucknow park in Uttar Pradesh, spread across 1,000 acres with robust multi-modal connectivity; the Kalaburagi park in Karnataka, spread across 1,000 acres near NH 50 and major regional centers; and the Navsari park in Gujarat, spread across 1,142 acres with strategic access to ports, road, rail, and airport infrastructure.Addressing the stakeholders, the Secretary of the Ministry of Textiles, Neelam Shammi Rao, encouraged active industry participation and shared suggestions to strengthen collaboration for successful development and implementation. Additional Secretary Rohit Kansal highlighted PM MITRA as a transformative initiative, noting that the parks are being developed as integrated textile ecosystems of at least 1,000 acres each. He added that detailed project reports for the three states under the PPP mode, amounting to approximately ₹5,567 crore (~$6.18 billion), have already been finalized.Rajat Kumar Saini, CEO and Managing Director of NICDC, outlined the scheme's 5F vision and pointed to strong industry response, with investor interest exceeding ₹20,054 crore (~$22.25 billion) across the three states, primarily led by the blended textiles segment. He emphasized the government's focus on globally competitive infrastructure, including plug-and-play facilities, testing laboratories, single-window clearances, integrated logistics, social infrastructure, and reliable grid-connected clean power, enabling end-to-end value chain integration.The consultation saw participation from domestic and international master developers and industry stakeholders. Discussions included utility planning, common effluent treatment plant (CETP) and zero liquid discharge (ZLD) integration, modular plot development, and creating an ecosystem for both MSMEs and large anchor units. The participants expressed confidence in the PM MITRA framework and optimism regarding its implementation, the release stated.Seven PM MITRA parks have been announced in Tamil Nadu, Telangana, Gujarat, Karnataka, Madhya Pradesh, Uttar Pradesh, and Maharashtra. Inspired by the Prime Minister's 5F vision, the parks are expected to attract investments of approximately ₹70,000 crore (~$77.66 billion), create around 10 lakh jobs per park, reduce logistics costs, boost FDI, and strengthen India's global competitiveness in textiles.read more :- High-income, smaller markets are key to modern fiber exports.
Small, High-Income Markets and New-Age Fibers Key to Textile Exports: Giriraj SinghTextiles Minister Giriraj Singh said India aims to increase its textile and apparel exports from approximately $40 billion to $100 billion in the next five years by targeting small, high-income markets, launching a ₹5,000 crore cotton productivity mission, adopting high-density planting, and promoting new-age fibers like milkweed, ramie, and flax.He told ET that the government is also now focusing on domestic manufacturing of textile machinery currently imported from China, Germany, and Japan, while employment in the sector is expected to increase from the current 45 million to 80 million by 2031."We are focusing on smaller countries with high per capita income and are also working on a warehouse hub and spoke model for small apparel manufacturers to boost exports," Singh said.He added that India's 15 Free Trade Agreement (FTA) partners offer a $198 billion textile market, while the country's exports to these markets currently stand at only $11.5 billion. India's domestic textile market is currently valued at $180 billion and is projected to reach $350 billion in the next five years."To meet the growing demand, the target is to produce 25 million tonnes of fiber in the future," the minister said. He emphasized that the government aims to increase exports of technical textiles from approximately $4 billion to $10 billion by 2030 under the Production Linked Incentive (PLI) scheme. The PLI scheme for man-made fiber (MMF) apparel, MMF fabrics, and technical textiles products has helped attract an estimated investment of ₹31,270 crore from 91 beneficiary companies. Exports worth ₹733 crore and a turnover of ₹7,290 crore have been achieved by the end of September. The action plan is crucial because India is the world's sixth-largest exporter of textiles, accounting for nearly 5% of global trade.Amidst the 50% tariffs imposed by the US, India is working on dedicated outreach programs in 40 countries, including the UK, UAE, Russia, Japan, and South Korea, to boost textile exports. He said, "These markets were selected before the tariffs were implemented (in August), and exports to 39 of these selected countries have increased in the last few months."Collectively, these 40 countries represent over $590 billion in textile and apparel imports, offering India significant opportunities to expand its market share.Singh added that the challenge lies in meeting domestic demand. "The first goal is to meet the demand of the domestic market and then focus on exports. The use of AI-based inspection has reduced the production of defective garments by 80%, which will ensure quality and facilitate exports to quality-conscious economies like Korea and Japan."read more :- India-Oman FTA to boost textile trade.
India–Oman FTA poised to boost textile tradeThe proposed India–Oman Free Trade Agreement (FTA) is expected to create significant opportunities across a wide range of sectors, including textiles, food processing, automobiles, gems and jewellery, agrochemicals, renewable energy and auto components, according to India’s minister for commerce and industry, Piyush Goyal.Addressing the India–Oman Business Forum in Muscat on Wednesday, Goyal said the agreement had the potential to substantially deepen economic engagement between the two countries, particularly with Oman positioned as a strategic gateway to the Gulf Cooperation Council region, as well as to Eastern Europe, Central Asia and Africa. He noted that the scope for growth under the pact was extensive, given Oman’s geographic and trade linkages.The FTA is scheduled to be signed on Thursday in Oman in the presence of Prime Minister Narendra Modi. Once implemented, the agreement is expected to reduce or eliminate tariffs, lower trade barriers and improve market access for Indian exporters, enabling them to compete more effectively in the region.Textiles, which account for a significant share of India’s overall exports, are set to benefit in particular. The agreement is expected to provide preferential access to the Omani market, allowing Indian textile manufacturers to offer products at more competitive prices. The pact is also aligned with India’s broader strategy to diversify its trade partnerships, strengthen economic ties with West Asia and reduce reliance on traditional export markets.Negotiations for the India–Oman Comprehensive Economic Partnership Agreement began in November 2023 and were concluded earlier this year. The deal will be Oman’s first free trade agreement in nearly two decades.At the same forum, Oman’s minister of commerce, industry and investment promotion, Qais Al Yousef, said India had emerged as the country’s third-largest trading partner and highlighted Oman’s continued importance as a destination for Indian investments across strategic sectors.Bilateral goods trade between India and Oman totalled approximately $10.5 billion in the 2024–25 financial year, underlining the growing economic relationship between the two nations.read more :- The rupee opened 10 paise higher at 90.15 against the dollar.
Rupee opened 10 paise higher at 90.15/USDThe domestic currency opened at 90.15 against the US dollar, as compared to 90.25 against the greenback at previous close.read more :- The rupee closed 12 paise higher at 90.25 against the dollar.
On Thursday, the Indian rupee closed 12 paise higher at 90.25 against the dollar, after opening at 90.37.At the close of the market, the Sensex fell 77.84 points, or 0.09 percent, to 84,481.81, and the Nifty declined 3 points, or 0.01 percent, to 25,815.55. Approximately 1,575 shares advanced, 2,399 declined, and 174 remained unchanged.Read more :- The rupee opened stable at 90.37/USD.
The rupee opened stable at 90.37/USD.The Indian rupee opened steady at 90.37 per dollar on Thursday, compared to its previous close of 90.37.Read more :- Rupee higher 71 paise to close at 90.37 per dollar
| title | Created At | Action |
|---|---|---|
| The rupee opened 9 paise higher at 89.57/USD. | 24-12-2025 16:46:54 | view |
| Rupee fell 02 paise to close at 89.66 per dollar | 23-12-2025 22:48:36 | view |
| US Upland cotton exports recover modestly, Pima muted in week of Dec 4 | 23-12-2025 20:17:15 | view |
| India-New Zealand FTA to increase exports of textiles, clothing: CITI | 23-12-2025 19:01:30 | view |
| Maharashtra: CCI Cotton Procurement: CCI Procures Over 4.5 Lakh Quintals of Cotton | 23-12-2025 18:36:10 | view |
| Haryana: Government Cotton Procurement Limited to Paperwork, Farmers Harassed in the Name of Quality | 23-12-2025 18:13:33 | view |
| The rupee opened 01 paise higher at 89.64 against the dollar. | 23-12-2025 17:33:57 | view |
| The rupee closed stable at 89.65/USD. | 22-12-2025 22:43:43 | view |
| Need more free trade pacts to compete with Bangladesh, others in textile exports: Vice President | 22-12-2025 19:50:19 | view |
| Cotton farmers call for urgent focus on yield-related issues | 22-12-2025 19:31:09 | view |
| The rupee opened 38 paise lower at 89.65/USD. | 22-12-2025 16:47:11 | view |
| Import Duty Exemption on Cotton Reduces Costs for Textile Industry: Minister | 20-12-2025 18:47:07 | view |
| CCI reduced cotton prices, selling 51,300 bales in e-auctions. | 20-12-2025 00:41:44 | view |
| The rupee closed 88 paise higher at 89.27 against the dollar. | 19-12-2025 22:55:15 | view |
| The Ministry of Textiles and NICDC of India held a stakeholders' meeting on PM MITRA. | 19-12-2025 20:02:34 | view |
| High-income, smaller markets are key to modern fiber exports. | 19-12-2025 19:44:48 | view |
| India-Oman FTA to boost textile trade. | 19-12-2025 18:21:06 | view |
| The rupee opened 10 paise higher at 90.15 against the dollar. | 19-12-2025 17:28:14 | view |
| The rupee closed 12 paise higher at 90.25 against the dollar. | 18-12-2025 22:46:50 | view |
| The rupee opened stable at 90.37/USD. | 18-12-2025 16:50:54 | view |
