The Indian rupee opens slightly lower versus the dollar at 86.42.The Indian rupee opened marginally down on January 16 at 86.42 against the US dollar after ending the previous session at 86.36.Read More :- This evening, the rupee strengthened by 28 paise against the dollar to close at Rs 86.36.
The rupee appreciated 28 paise vs the dollar this evening, closing at Rs 86.36.At close, the Sensex was up 224.45 points or 0.29 percent at 76,724.08, and the Nifty was up 37.15 points or 0.16 percent at 23,213.20. About 2057 shares advanced, 1733 shares declined, and 104 shares unchanged.Read more :- Rupee falls 2 paise to 86.55 against US dollar in early trade today
In early trading today, the rupee drops 2 paise to 86.55 against the US dollar.The rupee pared its initial marginal gain and slipped 2 paise to 86.55 against the US dollar in early trade on Wednesday as the positive sentiment in the domestic equity markets was negated by elevated crude oil prices and massive withdrawal of foreign funds.At the interbank foreign exchange, the rupee opened at 86.50 and touched 86.45 against the greenback in initial deals. However, the local unit soon pared the gains and traded at 86.55 against the dollar, 2 paise lower from its previous close.Read More :- The rupee declined by 6 paise to close at 86.64 against the US dollar this evening.
This evening, the rupee fell 6 paise to settle at 86.64 vs the US dollar.At the close, the Sensex rose 169.62 points or 0.22 per cent to close at 76,499.63 and the Nifty rose 90.10 points or 0.39 per cent to close at 23,176.05. Around 2752 stocks advanced, 1049 declined and 103 stocks remained unchanged.Read More :- Rupee opens marginally up at 86.52 on lower dollar index, easing retail inflation
With a lower dollar index, the rupee opens slightly higher at 86.52, reducing retail inflation.The rupee opened marginally up on January 14 after the dollar index dipped a bit and the December retail inflation print showed signs of easing.The Indian currency opened at 86.52 against the US dollar, inching up from 86.58 at close in the previous trading session.Read More :- On Monday, the Indian rupee fell 61 paise to close at 86.58 per dollar, as against 85.97 on Friday.
The Indian rupee closed at 86.58 per dollar on Monday, down 61 paise from Friday's close of 85.97.At the close, the Sensex was down 1,048.90 points or 1.36 per cent at 76,330.01, and the Nifty was down 345.55 points or 1.47 per cent at 23,085.95. About 533 stocks advanced, 3414 declined and 131 stocks remained unchanged.read more :- Haryana : Workshop on organic cotton farming conducted in Sirsa
Haryana: Sirsa hosted an organic cotton farming workshopSirsa : A one-day workshop was held at the Central Cotton Research Institute, Regional Station, Sirsa, on Saturday to promote organic cotton farming. The workshop was chaired by Ram Pratap Sihag, Joint Director (Cotton). Various officials, including the Deputy Director of Agriculture, experts, scientists from the institute, representatives from BT seed companies, input dealers and Cotton Corporation officers attended the event.Sihag said that organic cotton farming could not only increase cotton production but also help farmers improve their income. He shared how farmers could grow indigenous cotton and produce their own organic cotton seeds. The goal of the workshop was to encourage more farmers to adopt organic cotton farming methods.Representatives from the "Kheti Virasat Mission Trust" in Punjab, including its director, Roopasi Garg, and progressive farmers like Raja Ram and Manveer shared their experiences and thoughts on organic cotton farming.Rishi Kumar, the head of the Central Cotton Research Institute, discussed cotton farming in northern India, protection of crops from pests and benefits of organic farming practices for improving cotton production.SK Verma, a senior scientist, provided important information on scientific methods to promote organic cotton farming. Other experts SK Sain and Amarpreet Singh spoke on management of cotton diseases and improvement of production through natural farming techniques.Sukhdev, Deputy Director of Agriculture, suggested that promoting organic cotton farming through farmer producer organisations and farmer clubs could lead to more success in this initiative. Subhash Chandra, another scientist, spoke about improved cotton varieties and thanked all participants for attending the workshop.read more :- Rupee slumps 27 paise to hit record low of 86.31 against US dollar in early trade
In early trading, the rupee drops 27 paise versus the US dollar to reach a record low of 86.31.The rupee continued its decline on Monday, declining by 27 paise to hit a new lifetime low of 86.31 against the US dollar, marking the second consecutive session of losses. This slide was primarily driven by a strong US dollar, along with volatile global market conditions.At the interbank foreign exchange, the rupee opened at 86.12 but quickly fell to the historic low of 86.31 in early trading, registering a 27 paise loss from its previous close of 86.04 on Friday.read more :- Hemp fibre will transform agriculture scenario and textile industry: Dr Khajuria
Hemp fiber will revolutionize the textile and agricultural industries: Dr. KhajuriaNew Delhi: Jan 10: Hemp fibre has the potential to transform agriculture scenario and textile industry. This was stated by Dr Romesh Khajuria, Chairman, WWEPC, Ministry of Textiles, Government of India, during his inaugural address at the 188th Administrative Committee (COA) here on Thursday. Dr Khajuria led a delegation to meet Union Textiles Minister Giriraj Singh to brief him about the progress made in hemp fibre. The delegation comprised representatives of Roop Rashi, Textile Commissioner, Government of India, Avega Green Technology, Coursed India Foundation, India Hemp Networking, hemp fibre industry, organisations working on hemp fibre cultivation and other stakeholders. They held important discussions on identification of hemp fibre.Dr Khajuria, who is also the Chairman of Jammu Kashmir Wool Development and Marketing Association (JKWDMA), said that hemp fibre has certain special properties and blending of wheat with wool becomes the best quality of sustainable natural fibre and the world is rapidly moving towards the use of more and more sustainable fibres to avoid global warming which is harmful to the earth.He urged for early recognition of hemp fibre as “allied fibre”, creating necessary strategic planning and policy framework and R&D initiatives for adoption of hemp fibre and possible collaborations to increase the use of hemp fibre in various industries.Dr Khajuria said, “Hemp has the potential to transform our agriculture landscape and textile industry. By officially recognizing it as an ‘allied fibre’, we are not only advancing sustainability but also creating economic opportunities for farmers across India.”Dr Khajuria also said that India's domestic market for hemp-based products, including textiles, is estimated to reach Rs 3,000 crore by 2027.Avega Green Technologies' proposal: A key moment of the meeting was the presentation given by Karan R. Sarsar, Founder and CEO of Avega Green Technologies, who presented a comprehensive plan to integrate hemp fibres into India's textile industry.The COA members present included R C Khanna, Vice Chairman, D K Jain, Harmeet Singh Bhalla, Kawaljit Singh, Bilal Bhatt, Rajesh Khanna, Harish Dua, Executive Director, Suresh Thakur and others.read more :- Weekly Summary Report: Cotton Bales Sold by the Cotton Corporation of India (CCI)
Weekly Summary Report: Cotton Corporation of India (CCI) Sales of Cotton BalesThe Cotton Corporation of India (CCI) conducted online bidding for cotton bales throughout the week, with daily sales summarized as follows:6th January 2025: The week's highest sales were recorded at 52,700 bales were sold, including 29,100 bales in the Mills session and 23,600 bales in the Traders session.7th January 2025: A total of 40,200 bales, comprising 15,300 bales in the Mills session and 24,900 bales in the Traders session.8th January 2025: Daily sales reached 19,200 bales, with 7,400 bales sold in the Mills session and 11,800 bales in the Traders session.9th January 2025: A total of 9,600 bales were sold, split between 5,900 bales in the Mills session and 3,700 bales in the Traders session.10th January 2025: The week concluded with sales of 5,000 bales, including 900 bales from the Mills session and 4,100 bales from the Traders session.Weekly Total : Over the course of the week, the CCI sold 1,26,700 (apx.) cotton bales, successfully utilizing its online bidding platform to streamline transactions and support trade.SiS Committed to update you on all textile related news real time.read more :- Cotton yarn demand picks up in South India prices up in Mumbai
Demand for cotton yarn is increasing in South India, but Mumbai prices are rising.The South India cotton yarn market witnessed higher demand for summer garments. Consequently, cotton yarn prices increased in the Mumbai market. The Tiruppur market saw stability in prices. Mills are reducing discounts due to higher demand, as they are not under pressure to find potential buyers. Market experts stated that cotton yarn demand is gradually picking up as summer garment production increases. They also noted that cotton garment demand rises in North Indian states during the summer season due to hot and humid weather. Rising cotton prices are further encouraging buyers, and spinning mills are increasing yarn prices in response to higher cotton prices.The Mumbai market saw a rise of ₹2-3 per kg in cotton yarn prices due to higher demand from the consumer industry. Mills are trying to pass on the recent increase in cotton prices. A trader from the Mumbai market told Fibre2Fashion, “Mills are buying expensive cotton to produce yarn so they can meet the increasing demand from the consumer industry. The present strong demand does not deter mills from increasing yarn prices. The entire textile value chain is active now ahead of the summer season.”In Mumbai, 60-carded yarn of warp and weft varieties was traded at ₹1,440-1,480 (approximately $16.67-$17.23) and ₹1,390-1,440 per 5 kg (approximately $16.19-$16.77) (excluding GST), respectively. Other prices included 60 combed warp at ₹338-344 (approximately $3.94-$4.01) per kg, 80-carded weft at ₹1,420-1,480 (approximately $16.54-$17.23) per 4.5 kg, 44/46-carded warp at ₹262-272 (approximately $3.05-$3.17) per kg, 40/41-carded warp at ₹256-266 (approximately $2.98-$3.10) per kg, and 40/41 combed warp at ₹288-294 (approximately $3.35-$3.42) per kg, according to trade sources.The Tiruppur market also witnessed higher demand for cotton yarn. Better buying activity relieved mills from selling pressure, and they are not considering reducing the discounts previously offered to attract buyers. However, cotton yarn prices remained steady in the South Indian market. According to market sources, a few deals were reported at higher prices, but in general, cotton yarn prices remained stable with some exceptions. Mills may officially increase cotton yarn prices after Pongal next week.In Tiruppur, knitting cotton yarn prices were recorded as follows: 30-count combed cotton yarn at ₹255-263 (approximately $2.97-$3.06) per kg (excluding GST), 34-count combed cotton yarn at ₹264-271 (approximately $3.07-$3.16) per kg, 40-count combed cotton yarn at ₹276-288 (approximately $3.21-$3.35) per kg, 30-count carded cotton yarn at ₹235-240 (approximately $2.74-$2.79) per kg, 34-count carded cotton yarn at ₹240-245 (approximately $2.79-$2.85) per kg, and 40-count carded cotton yarn at ₹248-253 (approximately $2.89-$2.95) per kg.In Gujarat, cotton prices increased by ₹200-300 per candy over the last couple of days. Ginning mills are offering higher prices for seed cotton to attract buyers, which has increased their cost of production in recent times. Traders stated that farmers are selling their produce to private traders if they receive prices higher than the Minimum Support Price (MSP). Consequently, the market price of seed cotton has risen above the MSP.Cotton arrivals were estimated at 32,000-35,000 bales of 170 kg in Gujarat and 220,000-230,000 bales across the country. Trade sources indicated that the Cotton Corporation of India (CCI) continues to purchase more seed cotton from southern states compared to central and northern states.The benchmark Shankar-6 cotton was quoted at ₹54,000-54,500 (approximately $628.82-$634.64) per candy of 356 kg, while southern mills were seeking to buy cotton at ₹55,000-55,500 (approximately $640.46-$646.29) per candy. Seed cotton (Kapas) was traded at ₹7,500-7,625 (approximately $87.34-$88.79) per quintalread more :- Indian rupee ended at fresh record low at 85.97 per dollar on Friday versus Thursday's close of 85.85.
After closing at 85.85 on Thursday, the Indian rupee fell to a new record low of 85.97 per dollar on Friday.At close, the Sensex was down 241.30 points or 0.31 percent at 77,378.91, and the Nifty was down 95 points or 0.40 percent at 23,431.50. About 777 shares advanced, 3048 shares declined, and 87 shares unchanged.read more :- Cotton Markets Should Stabilize in 2025 – Good News for the Global Economy
Good News for the World Economy: Cotton Markets Should Level Off in 2025NEW YORK – Cotton may not always be a leading indicator for the global economy, but a new report from Cotton Incorporated suggests there is a relationship between the two and both are headed in the right direction for 2025.In its recently released special study, “Cotton as a Potential Bellwether for Global Economies: Why International Cotton Markets Matter,” a sister organization of Supima reports that “the overall economic outlook (in the U.S.) is favorable, and the cotton pricing outlook is moving in a positive direction.”Cotton Incorporated is forecasting more stability in cotton pricing for the new year, stating that “pricing bottoms should be fairly close in terms of fiber prices. The outlook suggests a more stable macroeconomic environment, following continued volatility since the start of the trade dispute and the spread of COVID-19.” Cotton Incorporated has provided estimates of how each of the major cotton-producing countries around the world see their crops for 2025. The US Department of Agriculture expects to see an increase in global production (+3.1.2 million bales to 116.2 million) and world mill-use (+1.4 million to 115.2 million) in 2024/25. "The biggest year-over-year increase is expected to come from the US, which saw an increase of about 2.5 million bales more than last year. But this increase only seems so large because in 2023, the US market sees its smallest crop since the 1980s."Weather has been the main culprit for the smaller crops, with hot and dry conditions in West Texas, the country's largest producing region.China remains the world's largest cotton producer, and its production last year rose by 300,000 bales to 27.8 million, the report said. China also has reserve stocks brought in last year, which will keep the country's market well supplied in the 2025 season. This means that China is reducing its imports by 500,000 bales to 9.5 million.India is the world's second-largest cotton producer and the report said the country has also had weather-related issues in the last few months and its crop numbers are falling."However, for the last several years India has guaranteed minimum support prices (MSPs) to producers. When prices were high and above the guaranteed price, this was not a problem. But now that prices are low, the Indian government will need to intervene, as MSPs are enforced by the government. This also means that the government will take possession of the cotton and keep it out of the market. But unlike China, where cotton can be stored for years, storage in India is usually only for a period of a few months. Cotton may come back to the market, but may be sold at a loss." Cotton production in Pakistan, the fourth-largest producer, fell by 300,000 bales to 5.7 million, but its spot prices rose from $0.76 to $0.81 a pound. “Pakistan has had problems with its cotton seeds. They don’t have the best controls, so they’ve lost that security over time. They’ve also had problems with flooding. And overall Pakistan’s financial situation is not great. Also, the weather has been so hot that it’s been about 120 degrees at times this year. So, they have challenges on a number of fronts.” The wild card for 2025 could be Brazil, which grew a record crop last year and has the advantage of planting two crops a year because of its tropical climate.The U.S. cotton crop for 2025 will be planted in April and more accurate forecasts are likely at that time. But cotton should be more stable in the coming year based on the most recent forecast models.read more :- Cotton cultivation in Punjab, Haryana and Rajasthan fell by 31%, yield expected to fall by 38%
Punjab, Haryana, and Rajasthan had a 31% decline in cotton cultivation, with a 38% decline in yield anticipated.Bathinda : Cotton trade organization, Indian Cotton Association Limited (ICAL) reported that the arrival of raw cotton in the grain markets of Punjab, Haryana and Rajasthan in the first four months of the 2024-25 cotton marketing season has almost halved compared to last year. From September 1 to December 31, 2024, the total arrival of cotton in these three states was 16,92,796 bales, which is less than 32,61,891 bales (one bale is equal to 170 kg) during the same period of 2023-24.The total production in the three states in the current season is estimated to be 30,79,600 bales, while the entire 2023-24 marketing season will produce 49,96,438 bales. This shows an expected reduction in yield by about 38%. The reason behind this decline is the reduction of about 31% in the crop acreage in these states as compared to last year. The reduction in acreage is due to continuous pest attacks on the crop. The biggest reduction has been recorded in Punjab, as the area under cultivation has come down to below 1 lakh hectare. Out of the total 16,92,796 lakh bales in the three states, 78,843 bales arrived in Punjab from September to the end of December, as against 2,34,765 bales in the four months during the previous season. Haryana received 4,24,803 bales during this period, as against 9,62,660 bales last year. Rajasthan received 11,89,150 bales during this period, as against 20,64,466 bales during the same period last year.Production in Punjab is estimated at around 50% of last year, with 1,96,500 bales expected as against 3,93,514 bales recorded in the previous season. Haryana is expected to produce 9,26,600 bales as against 15,38,129 bales during the previous season. Rajasthan is expected to produce 19,56,500 bales in the current season as against 30,64,795 bales in the previous season 2023-24. Cotton crop acreage in Punjab dropped below 1 lakh hectare to 99,700 hectares as against around 2 lakh hectares in 2023-24. According to data received from the Cotton Corporation of India (CCI), the crop area in Haryana has come down from 5.78 lakh hectares to 4.76 lakh hectares in 2024-25, while in Rajasthan, the crop area has come down from 10.04 lakh hectares in 2023-24 to 6.62 lakh hectares in 2024-25. The cotton crop area in these three states has come down from 17.96 lakh hectares in 2023-24 to 12.38 lakh hectares in the current season.An ICAL official said that the acreage in the three states has come down by 31 per cent compared to last year, while the production is estimated to fall by 38 per cent.State | Area | Estimated ProductionPunjab | 99,700 hectares | 1.96 lakh bales 9.26 lakh balesRajasthan | 6.62 LHA | 19.56 lakh balesTotal | 12.38 lakh | 30.79 lakh balesread more :- Rupee falls 3 paise to 85.88 against US dollar in early trade
In early trading, the rupee drops 3 paise to 85.88 versus the US dollar.This comes after the rupee recovered slightly from its record low and settled with a gain of 5 paise at 85.85 against the US dollar on Thursday amid firm American currency and elevated level of crude oil prices.read more :- Indian rupee ended flat at 85.85 per dollar on Thursday versus previous close of 85.85.
Thursday's closing price of the Indian rupee was 85.85 per dollar, unchanged from the previous close of 85.85.At close, the Sensex was down 528.28 points or 0.68 percent at 77,620.21, and the Nifty was down 162.45 points or 0.69 percent at 23,526.50. About 1175 shares advanced, 2610 shares declined, and 109 shares unchanged.read more :- Rupee falls 7 paisa to 85.92 against US dollar in early trade
| title | Created At | Action |
|---|---|---|
| Indian rupee opens marginally down at 86.42 against dollar | 16-01-2025 17:23:46 | view |
| This evening, the rupee strengthened by 28 paise against the dollar to close at Rs 86.36. | 15-01-2025 23:17:31 | view |
| Rupee falls 2 paise to 86.55 against US dollar in early trade today | 15-01-2025 17:12:50 | view |
| The rupee declined by 6 paise to close at 86.64 against the US dollar this evening. | 14-01-2025 22:52:19 | view |
| Rupee opens marginally up at 86.52 on lower dollar index, easing retail inflation | 14-01-2025 18:03:02 | view |
| On Monday, the Indian rupee fell 61 paise to close at 86.58 per dollar, as against 85.97 on Friday. | 13-01-2025 23:05:13 | view |
| Haryana : Workshop on organic cotton farming conducted in Sirsa | 13-01-2025 19:49:39 | view |
| Rupee slumps 27 paise to hit record low of 86.31 against US dollar in early trade | 13-01-2025 17:37:49 | view |
| Hemp fibre will transform agriculture scenario and textile industry: Dr Khajuria | 11-01-2025 20:17:34 | view |
| Weekly Summary Report: Cotton Bales Sold by the Cotton Corporation of India (CCI) | 11-01-2025 19:26:15 | view |
| Cotton yarn demand picks up in South India prices up in Mumbai | 11-01-2025 00:40:42 | view |
| Indian rupee ended at fresh record low at 85.97 per dollar on Friday versus Thursday's close of 85.85. | 10-01-2025 22:44:58 | view |
| Cotton Markets Should Stabilize in 2025 – Good News for the Global Economy | 10-01-2025 18:39:36 | view |
| Cotton cultivation in Punjab, Haryana and Rajasthan fell by 31%, yield expected to fall by 38% | 10-01-2025 18:16:25 | view |
| Rupee falls 3 paise to 85.88 against US dollar in early trade | 10-01-2025 17:31:50 | view |
| Indian rupee ended flat at 85.85 per dollar on Thursday versus previous close of 85.85. | 09-01-2025 22:48:53 | view |
