The rupee drops 9 paise against the dollar and reaches a new all-time low of 85.24.The Indian rupee on Thursday declined by 9 paise to hit an all-time low of 85.24 against US dollar in the opening trade, amid higher US Treasury yields and a fall in most Asian peers. The 10-year US Treasury yield rose to the highest since late May on Tuesday.Read More :- Indian rupee ended 9 paise lower at fresh record low at 85.20 per dollar on Tuesday versus Monday's close of 85.11.
After closing at 85.11 on Monday, the Indian rupee fell 9 paise to a new record low of 85.20 per dollar on Tuesday.Sensex was down 67.30 points or 0.09 percent at 78,472.87, and the Nifty was down 25.80 points or 0.11 percent at 23,727.65. About 1907 shares advanced, 1926 shares declined, and 94 shares unchanged.Read More :- Rupee falls 3 paise to hit all-time low of 85.14 against US dollar
Rupee hits an all-time low of 85.14 versus the US dollar, down 3 paise.This comes after the rupee failed to resist pressure from strengthening American currency and lost 7 paise to settle at 85.11 (provisional) against the US dollar on Monday despite a sharp recovery in domestic equities.Rupee fell 3 paise to hit all-time low of 85.14 against US dollar in early trade on Tuesday.Read More :- Indian rupee ended at fresh record low 85.11 per dollar on Monday versus Friday's close of 85.02.
After closing at 85.02 on Friday, the Indian rupee fell to a new record low of 85.11 per dollar on Monday.Indian equity indices snapped five-day losing streak and ended on strong note with Nifty at 23,750 on December 23.At close, the Sensex was up 498.58 points or 0.64 percent at 78,540.17, and the Nifty was up 165.95 points or 0.70 percent at 23,753.45. About 1565 shares advanced, 2348 shares declined, and 134 shares unchanged.Read More :- Rupee fails to recover, remains flat at 85.04 against dollar in early trade
In early trading, the rupee does not rebound and stays unchanged at 85.04 vs the dollar.The rupee failed to sustain a recovery from its all-time low level and turned flat at 85.04 against the US dollar in early trade on Monday, giving in to the strengthening American currency and unabated outflow of foreign funds.Read More :- Special project on cotton shows rise in yield via high-density planting
A special cotton project demonstrates that high-density planting increases production.Cotton yields increased by 30.4 per cent on average in the areas where high-density planting system (HDPS) was adopted in shallow soils, and increased by 39.15 per cent on average in closer spacing (CS) in medium soils, according to a reply in the Rajya Sabha.In a written reply in the Rajya Sabha on Friday on the steps taken by the Government to increase the yield, Bhagirath Choudhary, Union Minister of State for Agriculture and Farmers’ Welfare, said the cotton productivity in India is estimated at 443 kg lint per hectare, and is relatively low in comparison to the major cotton producing countries such as China, Brazil, and the US that have adapted HDPS with high precision agro-ecologies.In order to boost cotton yield, especially in low productivity areas, HDPS is being promoted and four compact Bt cotton varieties and 19 Bt cotton hybrids amenable to HDPS have been released during past three years.Extended to 2nd yearA special project on cotton, ‘Targeting technologies to agro-ecological zones-large scale demonstrations of best practices to enhance cotton productivity’, under the National Food Security Mission (NFSM) was implemented in 61 districts of eight States covering an area of 9,064 hectares involving 10,418 farmers during 2023-24 kharif season in public-private-partnership mode for scaling up of HDPS in shallow soils and CS in medium soils, he said.“The average yield increase in the HDPS adopted plots was 30.4 per cent, and average yield increase in the CS adopted plots was 39.15 per cent. This special project has been extended into second year 2024-25 with a target of 14,478 hectares area in eight states. In addition, 11 Bt cotton hybrids highly resistant to cotton leaf curl virus, one of the devastating diseases of cotton, were released to minimise the losses in north zone,” he said.Read More :- Rupee falls 12 paise to all-time low of 85.06 against US dollar in early trad
This evening, the rupee gained 6 paise against the dollar, closing at Rs 85.02.At the close, the Sensex was down 1,176.46 points or 1.49 per cent at 78,041.59, and the Nifty was down 364.2 points or 1.52 per cent at 23,587.50. About 963 stocks advanced, 2859 declined and 95 stocks remained unchanged.Read More :- The rupee recovered marginally from its all-time low and traded 6 paise higher at 85.07 against the US dollar in early trade on Friday.
Early Friday trading saw the rupee move 6 paise higher versus the US dollar at 85.07, a slight recovery from its all-time low.Sensex Today | Stock Market Live Updates: Indian equity benchmarks Nifty 50 and Sensex are trading under pressure. Currently, the Sensex is trading over 1,200 points down while the Nifty 50 index is trading below the 23,600 mark, down 1.55% or 371 points.Read More ;- This evening, the rupee closed 13 paise lower at 85.08 against the dollar.
The rupee ended the day 13 paise down against the dollar, closing at 85.08.The Nifty 50 index closed down 247 points or 1 per cent at 23,952. Similarly, the 30-share Sensex closed down 964 points or 1.2 percent at 79,218.Read More :- Rupee falls 12 paise to all-time low of 85.06 against US dollar in early trad
Early trading saw the rupee drop 12 paise to its lowest point ever, 85.06 against the US dollar.Forex traders said the US Federal Reserve has adjusted its projections for 2025, signalling a more cautious monetary policy stance, pressuring emerging market currencies, including the Indian rupee.The rupee dropped 12 paise to an all-time low of 85.06 against the US dollar in early trade on Thursday (December 19, 2024), as a hawkish tilt from the US Federal Reserve sparked a broad dollar rally.Read More :- The rupee closed 5 paise lower at 84.95 against the dollar this evening
The rupee fell 5 paise versus the dollar to settle at Rs 84.95 this eveningAt the close, the Sensex was down 502.25 points or 0.62 percent at 80,182.20, and the Nifty was down 137.15 points or 0.56 percent at 24,198.85. About 1379 stocks rose, 2456 fell and 92 stocks remained unchanged.Read More :- India's cotton textile exports drop by 29% compared to 2021-22
India’s Cotton Textile Exports Drop 29% from 2021–22 LevelsIndia’s cotton textile exports declined significantly in 2023–24, falling by nearly 29% compared to 2021–22, according to data presented in the Rajya Sabha during the ongoing winter session.The country exported cotton textiles worth $12,258 million in 2023–24, down from $17,166 million in 2021–22. Export volumes also saw a sharp contraction, with cotton fabrics and made-ups declining by 19% and cotton yarn exports dropping by 31%. Raw cotton exports witnessed an even steeper fall of 60%, Minister of State Pabitra Margherita said in a written reply to a query raised by MP Parimal Nathwani.However, exports of other textile yarns and made-ups recorded a growth of 12% during the same period.After peaking at $17,166 million in 2021–22, exports fell to $11,085 million in 2022–23 before registering a modest recovery of 11% in 2023–24. Key export markets for Indian cotton textiles include the United States, Bangladesh, China, Sri Lanka, and the United Arab Emirates.Gujarat, which contributes around 30% of India’s cotton textile exports, also witnessed a decline—from $4,760 million in 2021–22 to $3,615 million in 2023–24.On the production front, Gujarat remained the leading cotton-producing state, crossing 90 lakh bales (170 kg each) during October–September 2023–24. The state recorded a 20% increase in cotton production between 2021–22 and 2023–24. In contrast, Maharashtra, the second-largest producer, saw a 2% decline to 80 lakh bales, while Telangana ranked third with 51 lakh bales.To support the sector, the government is implementing the Remission of State and Central Taxes and Duties (ROSCTL) scheme for apparel, textiles, and made-ups. It is also promoting global outreach through initiatives like Bharat Tex 2025, a mega textile event scheduled for February 2025, aimed at showcasing India’s textile value chain and strengthening its position as a preferred sourcing destination.Additionally, India has signed 14 Free Trade Agreements (FTAs) and 6 Preferential Trade Agreements (PTAs) to improve access to global markets. Research efforts are also underway, with ICAR-Central Institute for Cotton Research (CICR), Nagpur, having released 333 cotton varieties over the past decade, including 191 non-Bt and 142 Bt varieties.Read More :- Rupee falls 1 paisa to 84.92 against US dollar in early trade
Early trading saw the rupee drop 1 paisa to 84.92 against the US dollar.The rupee consolidated in a narrow range and settled for the day higher by 1 paisa at 84.90 (provisional) against the US dollar on Tuesday, weighed down by disappointing trade balance data and weak domestic markets.Read More :- Indian rupee ended marginally lower at 84.90 per dollar on Tuesday versus Monday's close of 84.87.
The Indian rupee closed Tuesday at 84.90 per dollar, slightly less than Monday's close of 84.87.At close, the Sensex was down 1,064.12 points or 1.30 percent at 80,684.45, and the Nifty was down 332.25 points or 1.35 percent at 24,336. About 1497 shares advanced, 2360 shares declined, and 85 shares unchanged.Read More :> CCI procures 31 lakh bales of cotton by mid-December
By the middle of December, CCI will have acquired 31 lakh bales of cotton.The Cotton Corporation of India (CCI) has procured over 31 lakh bales (each of 170 kg) of the natural fibre crop at the minimum support price (MSP) till mid-December, accounting for over a third of the total market arrivals in the current 2024-25 marketing season."Till December 14, we have procured 31 lakh bales," CCI chairman and managing director Lalit Gupta said. The state-run entity has launched the procurement operation in all states for the 2024-25 marketing season, while most of the purchases so far have been made in Telangana and Maharashtra.According to progressive procurement data, CCI has procured over 19.94 lakh bales in Telangana and 5.42 lakh bales in Maharashtra till December 14. Andhra Pradesh has procured over 1.8 lakh bales so far, while Karnataka has procured over 1.66 lakh bales.In Gujarat, the largest cotton producing state, CCI has procured 88,506 bales, while Madhya Pradesh has procured 86,882 bales. In Odisha, CCI has procured 21,148 bales, Rajasthan 13,507 bales, Haryana 5576 bales and Punjab 279 bales. In West Bengal, 234 bales have been procured.At the highest level of last year's procurementRaw cotton prices are trading below MSP levels due to weak demand from yarn mills and bearish trend in cotton prices. The Centre has announced MSP of ₹7,121 per quintal for medium variety and ₹7,521 per quintal for long variety for 2024-25 marketing season, an increase of 7 per cent over last year.CCI had procured 33 lakh bales during 2023-24 marketing season. CCI, which started procurement from Telangana in the second fortnight of October for the current marketing season, is set to surpass last year's figures by a big margin.Gupta had earlier said CCI's procurement for the 2024-25 marketing season could be between 50-70 lakh bales of 170 kg each.According to data from trade body Cotton Association of India (CAI), daily market arrivals have already crossed 2 lakh bales. The arrivals on Monday were 2.126 lakh bales of 170 kg each and total arrivals across the country in the current season were over 83.30 lakh bales. As per CAI estimates, cotton production during 2024-25 is estimated to be 302.25 lakh bales of 170 kg each, down by about 7 per cent compared to 325.29 lakh bales last year. This is due to reduction in acreage and adverse weather conditions affecting production in some states.Read more :- Rupee falls 1 paisa to all-time low of 84.92 against US dollar in early trade
Early trading saw the rupee drop 1 paisa to its lowest point ever, 84.92 against the US dollar.The rupee depreciated by 9 paise to close at an all-time low level of 84.89 (provisional) against the US dollar on Monday, dragged down by a negative trend in domestic equities.Sensex declined 350.98 points in early trade; Nifty down 100.8 points Benchmark indices Sensex and Nifty closed lower on Monday due to weak global cues amid caution ahead of the US Fed interest rate decision later this week...read more :- Indian rupee ended 8 paise lower at 84.87 per dollar on Monday versus Friday's close of 84.79.
| title | Created At | Action |
|---|---|---|
| Rupee Hits Fresh All-Time Low Of 85.24, Falls 9 Paise Against Dollar | 26-12-2024 17:12:56 | view |
| Indian rupee ended 9 paise lower at fresh record low at 85.20 per dollar on Tuesday versus Monday's close of 85.11. | 24-12-2024 23:09:57 | view |
| Rupee falls 3 paise to hit all-time low of 85.14 against US dollar | 24-12-2024 17:09:04 | view |
| Indian rupee ended at fresh record low 85.11 per dollar on Monday versus Friday's close of 85.02. | 23-12-2024 23:24:05 | view |
| Rupee fails to recover, remains flat at 85.04 against dollar in early trade | 23-12-2024 17:24:29 | view |
| Special project on cotton shows rise in yield via high-density planting | 21-12-2024 19:26:29 | view |
| The rupee strengthened by 6 paise to close at Rs 85.02 against the dollar this evening. | 20-12-2024 23:06:47 | view |
| The rupee recovered marginally from its all-time low and traded 6 paise higher at 85.07 against the US dollar in early trade on Friday. | 20-12-2024 17:19:01 | view |
| This evening, the rupee closed 13 paise lower at 85.08 against the dollar. | 19-12-2024 23:14:19 | view |
| Rupee falls 12 paise to all-time low of 85.06 against US dollar in early trad | 19-12-2024 17:42:47 | view |
| The rupee closed 5 paise lower at 84.95 against the dollar this evening | 18-12-2024 23:17:24 | view |
| India’s Cotton Textile Exports Shrink 29% in Two Years | 18-12-2024 18:20:16 | view |
| Rupee falls 1 paisa to 84.92 against US dollar in early trade | 18-12-2024 17:24:20 | view |
| Indian rupee ended marginally lower at 84.90 per dollar on Tuesday versus Monday's close of 84.87. | 17-12-2024 23:21:28 | view |
| CCI procures 31 lakh bales of cotton by mid-December | 17-12-2024 19:04:45 | view |
| Rupee falls 1 paisa to all-time low of 84.92 against US dollar in early trade | 17-12-2024 17:16:54 | view |
