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Rupee Opens 18 Paise Stronger at 84.65 Against DollarIndian rupee opened 18 paise higher at 84.65 per dollar on Thursday versus Wednesday's close of 84.83.read more :-Tariff reduction under India-UK FTA will strengthen textile sector: Experts

India-UK FTA to Boost Textiles: ExpertsThe Indian textile industry has welcomed the India-UK Free Trade Agreement (FTA) and termed it a significant step towards increasing India's presence in the UK market. Industry leaders believe that the agreement will open doors to new opportunities for exporters, boost trade, employment and global competitiveness. Santosh Kataria, President, Clothing Manufacturers Association of India (CMAI), highlighted the potential of the UK as a growing and promising market for Indian textile and apparel products. He pointed out that the recent tariff development in the US has underlined the need to diversify export destinations, making this FTA particularly timely. "After the US's latest tariff announcement, there was a dire need to diversify textile exports and with this FTA agreement, India's knitted and woven apparel can now gain a substantial foothold in the UK market," Kataria told news agency ANI. He further added, "The emphasis on sustainability, quality and digital marketing will not only give our exports but also Indian brands an opportunity to stand out with lower prices to UK consumers." This is a great opportunity for textile stakeholders in both countries to do business.A. Sakthivel, Vice Chairman, Apparel Export Promotion Council (AEPC), also lauded the deal. He expressed gratitude to Prime Minister Narendra Modi and Union Commerce Minister Piyush Goyal for playing a key role in securing this historic trade agreement. Sakthivel said, "This is a major achievement which will provide a strong boost to India's textile exports and boost employment and growth in the sector." He added, "The India-UK FTA is expected to pave the way for long-term growth, attract investments and create a more favourable business environment for textile stakeholders in both countries." Industry leaders believe that the India-UK FTA is the beginning of a new era for Indian textiles, with long-term benefits expected in market access, innovation and global branding.read more :-Indian Rupee lower 21 Paisa, Ends at 84.83 per Dollar

The Indian rupee on wednesday lower 21 paise to close at 84.83 per dollar, while it opened at 84.62 in the morning.At close, the Sensex was up 105.71 points or 0.13 percent at 80,746.78, and the Nifty was up 34.80 points or 0.14 percent at 24,414.40. About 2121 shares advanced, 1620 shares declined, and 149 shares unchanged.read more :-Minister Gurmeet Singh Khudian pushes for cotton cultivation in Malwa region

Punjab Minister Pushes Cotton Cultivation in Malwa, Focus on Modern PracticesChandigarh: Punjab Agriculture and Farmers Welfare Minister Gurmeet Singh Khudian has directed chief agriculture officers across eight districts of the Malwa region to actively train and guide farmers on modern cotton cultivation techniques.The instructions were issued after reviewing block-wise progress of cotton sowing in Fazilka, Muktsar, Bathinda, Mansa, Barnala, Sangrur, Moga, and Faridkot. The minister also stressed strict implementation of pest control measures and stronger field-level monitoring.Khudian said the state has set a target of bringing 1.25 lakh hectares under cotton cultivation this season. To support farmers, the Punjab government has announced a 33% subsidy on BT cotton hybrid seeds recommended by Punjab Agricultural University (PAU), Ludhiana. The move aims to lower input costs and discourage the use of non-recommended seeds.He added that the focus is on promoting high-yielding and pest-resistant BT cotton hybrids. PAU has recommended 87 such varieties suited to Punjab’s agro-climatic conditions.Addressing pest challenges, the minister reviewed steps to control pink bollworm, including proper disposal of cotton stalks and crop residues that act as breeding grounds. A weed eradication drive has also been launched in cotton-growing areas to manage whitefly infestation.Additionally, officials have been asked to monitor pink bollworm presence in ginning factories and ensure fumigation of cotton stocks to control larvae at the ginning stage.read more :-Rupee declines 19 paise to 84.62 against US dollar in early trade

 Rupee opens 19 paise down at 84.62 against dollar Indian rupee opened 19 paise lower at 84.62 per dollar on Wednesday against Tuesday's previous close of 84.43. read more :-India to become fourth largest economy by crossing $4 trillion mark in 2025: IMF 

India to Become 4th Largest Economy in 2025: IMFIndian economy to overtake Japan in 2025According to IMF (International Monetary Fund) data released in April, India will overtake Japan to become the fourth largest economy in 2025 when Japan crosses the $4 trillion mark.The Indian economy is expected to reach $4.187 billion in nominal GDP in 2025, compared to $4.186 billion for Japan.In 2024, India was the fifth largest economy in the world, with a GDP size of $3.9 trillion, compared to Japan's $4.1 trillion.The IMF said in its World Economic Outlook released last month that the Indian economy is expected to grow 6.3 per cent in real terms, compared to the 6.5 per cent growth projected earlier.read more :-Heavy rains, dangerous thunderstorms and lightning likely in Gujarat

Severe Rains and Thunderstorms Likely in GujaratThe state of Gujarat has witnessed widespread pre-monsoon weather activity. Moderate rains occurred across the region in north and central Gujarat and Saurashtra. Ahmedabad, Gandhinagar, Baroda, Deesa, Surendranagar, Bhavnagar, Rajkot and Naliya in Kutch are the major places to witness the weather activity. This was the second consecutive day of weather activity and is likely to continue for the next 3-4 days.The state of Gujarat normally experiences thunderstorms, dust storms, lightning, heavy rains and strong winds before the monsoon. Extreme heat remains the main threat before the monsoon. The current spell of thunderstorm conditions is unusual and unseasonal. Even if there is any pre-monsoon weather, it is usually for a short duration. The current spell started a day ago and is likely to continue till 10 May 2025. The weather is expected to clear up widely after 11 May 2025.Earlier, the state was grappling with severe heat conditions. Rajkot recorded temperatures above 46°C and Ahmedabad above 45°C, which was the main highlight on the weather front. In the last 24 hours, the temperature has dropped to 40°C in Rajkot and 38°C in Ahmedabad. The temperature is likely to drop further and remain within comfortable limits. Hazardous weather conditions are likely to prevail at some places for one or two days.Today, heavy weather with thunderstorms, lightning and heavy rain is expected in Anand, Vadodara, Nadiad, Bharuch, Surat, Ahmedabad, Gandhinagar and Surendranagar. The next two days, 07 and 08 May, will see more activity over Saurashtra. On the next day, moderate to heavy rainfall will occur over North Gujarat including Deesa, Patan and coastal Saurashtra to Veraval, Diu, Somnath, Porbandar, Okha, Dwarka and Jamnagar. Caution is required against strong winds, lightning, thunderstorms and heavy to very heavy rainfall. Though this is not at all normal for Gujarat, the possibility of hailstorm at some places cannot be ruled out.Weather conditions will start improving from the weekend. The intensity of the weather will reduce on May 10, but its spread will continue as before. Its extent and scale will reduce further on the next day, May 11. Weather activity can be expected to decrease substantially from May 12. Weather conditions will remain favourable except for heat for the rest of the month.read more :-Rupee Falls 15 Paise, Closes at 84.43/USD

Indian Rupee lower 15 Paisa, Ends at 84.43 per DollarThe Indian rupee on tuesday lower 15 paise to close at 84.43 per dollar, while it opened at 84.28 in the morning.At close, the Sensex was down 155.77 points or 0.19 percent at 80,641.07, and the Nifty was down 81.55 points or 0.33 percent at 24,379.60. About 787 shares advanced, 3011 shares declined, and 121 shares unchanged.read more :-India's cotton yarn industry set for 7-9% revenue growth this fiscal: Report

India's Cotton Yarn Revenue to Grow 7-9% This Fiscal: ReportIn India, the cotton textile industry is not just a sector - it is the lifeline for nearly 60 million people. From the 6.5 million hardworking cotton farmers who grow their crops in the sun, to the countless hands involved in processing, trading and crafting the garments, the industry ties together the livelihoods of millions.While the sector is grappling with a number of challenges - including climate change, slow economic growth and trade uncertainties - there is finally a reason for cautious optimism. India's cotton yarn industry is projected to achieve a revenue growth of 7-9% this fiscal, a significant improvement from the modest 2-4% growth recorded last year.According to rating agency Crisil Ratings, this improvement will be driven primarily by a surge in export demand and stable domestic consumption. Volume growth will be the primary driver, supported by a modest increase in yarn prices, the agency said in a report released on Monday.Operating margins, which recovered last year, are expected to improve further by 50-100 basis points (bps) this fiscal. This will be aided by stable cotton yarn price differentials and improved cotton availability through procurement by the Cotton Corporation of India (CCI).This outlook is based on an analysis of 70 major cotton yarn spinning companies, which together account for 35-40% of the industry revenues, the agency said.Improvement in exports, especially to China, a key growth driverThe main reason for this expected revenue growth in FY26 is improvement in yarn exports to China. Exports make up nearly 30% of the industry's total revenues, with China contributing about 14%. Last year, India's yarn exports to China declined due to abnormally high cotton production in China, leading to a 5-7% decline in India's total yarn exports. However, this trend is expected to reverse this year, as China's cotton production normalises and exports are estimated to grow by 9-11%.Goutam Shahi, director, Crisil Ratings, points out, "This recovery will benefit Indian spinners, who can leverage stable domestic cotton production and gain market share. Also, India's competitiveness in textile exports to the US remains strong, especially with the high tariffs imposed on Chinese exports. This will support 6-8% revenue growth in downstream segments such as home textiles and readymade garments."Strong cotton supply to boost profitsOn the raw material front, CCI's significant cotton procurement during the 2025 cotton season will help ensure stable supplies. This will reduce inventory losses and support a 50-100 bps increase in profitability for spinners, after a 100-150 bps improvement last year.Pranav Shandil, Associate Director, Crisil Ratings, said, "Improved operational performance this fiscal should help keep the credit profile stable. Most spinners are expected to maintain moderate capital expenditure, thereby limiting the need for fresh debt. Improved cotton availability will also reduce the need for high inventory levels, thereby reducing demand for additional working capital."As a result, the interest coverage ratio for spinners is expected to improve to 4.5-5 times from around 4-4.5 times last year. Gearing is expected to remain stable at around 0.55-0.6 times.Risks to watchHowever, the rating agency cautions that certain risks remain. Any change in global tariffs, higher inflation, a slowdown in economic growth in key markets such as the US, or significant fluctuations in domestic cotton prices compared to international prices could impact the outlook.read more :-Rupee declines 4 paise to 84.28 against US dollar in early trade

 Rupee opens 4 paise down at 84.28 against the US dollarIndian rupee opened 4 paise down on May 6 at 84.28 against the US dollar as compared to 84.24 against the greenback at previous close.read  more :-Rupee Gains 24 Paisa, Closes at 84.24

Rupee Strengthens 24 Paisa Against Dollar, Closes at 84.24The Indian rupee on monday higher 24 paise to close at 84.24 per dollar, while it opened at 84.48 in the morning.At close, the Sensex was up 294.85 points or 0.37 percent at 80,796.84, and the Nifty was up 114.45 points or 0.47 percent at 24,461.15. About 2462 shares advanced, 1404 shares declined, and 171 shares unchanged.read more :-Cotton acreage will increase in Kharif season: Agriculture department in Dhar has set a target of 5 lakh 14 thousand hectares