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Against the US dollar, the rupee drops 2 paise to 86.57 in early Thursday trading.The rupee depreciated 2 paise to 86.57 against the US dollar in early trade on Wednesday, due to sustained foreign fund outflows, unabated dollar demand from oil importers and weak risk appetite.At the interbank foreign exchange, the rupee opened at 86.57 then fell further to 86.58 against the American currency, registering a decline of 2 paise over its previous close.read more :- The Indian rupee on Wednesday closed 2 paise marginally higher at 86.55 per dollar, as against 86.57 per dollar open on morning .

After opening at 86.57 per dollar this morning, the Indian rupee closed 2 paise higher at 86.55 per dollar on Wednesday.At close, the Sensex was up 631.55 points or 0.83 percent at 76,532.96, and the Nifty was up 205.85 points or 0.90 percent at 23,163.10. About 2874 shares advanced, 937 shares declined, and 96 shares unchanged.read more :- Khargone's cotton industry is breaking down, traders have high expectations from the Finance Minister in the budget

The cotton business in Khargone is collapsing, and traders are expecting the Finance Minister to deliver a budget that meets their expectations.Khargone Cotton Industry: The budget is going to be presented in the Parliament, for which the industrialists associated with the industry have demanded from the Finance Minister of the Central Government to make a detailed plan for the cotton industry. So that the dying industries of cotton can get a lifeline. Our correspondent discussed with the industrialists doing cotton business regarding the budget.Madhya Pradesh Cotton Association President Kailash Agarwal says that there is a demand for cotton not only in the country but also abroad. Cotton crop is grown in 2 lakh hectares in Madhya Pradesh and the fiber of the cotton here is good. There is also a demand for this cotton, but the industries are breaking down due to taking GST RCM advance.Finance Minister needs to pay attentionCotton trader Narendra Gandhi said that if seen at present, not only the ginning industry of Nimar region but the whole country is going through a lot of crisis. Because of the global recession and our industry is very troubled. We want Finance Minister Sitharaman to pay attention in the budget on how to promote the cotton industry.Cotton factories are closing downIn the last few years, many factories of the cotton industry have also closed down. This situation is getting worse. He has expressed hope that there should be a policy so that the country's textile and cotton industry can operate smoothly.Appeal to the government to remove RCMFor the last two or three years, it has been seen that the cotton industry is closing down and the government is not paying attention. If seen in GST, the cotton industry is also very upset with RCM in GST. We have to pay GST on the purchase price of cotton.Requesting for five yearsWe have requested the government many times, but no attention has been paid to it for five years. In this budget, it is expected that the Finance Minister will think about RCM and remove it. This is the intense demand of our cotton industry.Cotton prices are fallingCotton trader Kalyan Agarwal said that he is having some expectations regarding the general budget. He says that cotton is planted in a very large area in Khargone. Cotton is our main crop. The price of cotton has fallen in the world, the price of cotton has fallen. Due to increase in its SP for two consecutive years, cotton has started getting imported from abroad.read more :-Indian Rupee opens 4 paise lower at 86.57 against US Dollar

In relation to the US dollar, the Indian rupee opens 4 paise weaker at 86.57.The rupee fell 4 paise to close at 86.57 against the US dollar in early trade on Wednesday on sustained foreign fund outflows, falling dollar demand from oil importers and weak risk sentiment.At the interbank foreign exchange, the rupee opened at 86.57 and later fell further to 86.61 against the American currency, marking a decline of 4 paise from its previous close.read more :- Indian rupee ended 20 paise lower at 86.53 per dollar on Tuesday versus Monday's close of 86.33.

The Indian rupee closed Tuesday at 86.53 per dollar, 20 paise less than Monday's close of 86.33.At close, the Sensex was up 535.24 points or 0.71 percent at 75,901.41, and the Nifty was up 128.1 points or 0.56 percent at 22,957.25. About 1116 shares advanced, 2429 shares declined, and 84 shares unchanged.read more :- Cotton dropped as CAI has revised upwards its crop projections by 2 lakh bales

Cotton fell as CAI increased its harvest forecasts by two lakh bales.Cotton candy prices fell 0.83% to ₹52,850 as the Cotton Association of India (CAI) raised crop estimates for the 2024-25 season. Estimated cotton production rose by 2 lakh bales to 304.25 lakh bales due to higher production in Telangana, where estimates rose by 6 lakh bales. However, production in North India is expected to fall by 3.5 lakh bales, down 43% from last year, due to lower arrivals of cotton. The WASDE report has also put pressure on prices, which estimated global cotton production for 2024-25 at 117.4 million bales, an increase of 1.2 million bales each due to higher production in India and Argentina. Despite pressure from higher supply estimates, the downside momentum was limited due to strong demand from the apparel industry, which has pushed up cotton yarn prices in South India. Exports are also expected to increase, which will support the demand. As of December, total supply stood at 176.04 lakh bales, including imports of 12 lakh bales and opening stocks of 30.19 lakh bales. Consumption during this period was 84 lakh bales, while exports are estimated at 7 lakh bales. December ending stocks are estimated at 85.04 lakh bales.Long liquidation is going on in the market, with open interest declining by 29.07% to 122 contracts. Cotton candy prices are finding support at ₹52,480, below this level, it is likely to touch ₹52,110. Resistance is seen at ₹53,450, and a move above this is likely to touch ₹54,050 levels.read more :- The rupee opened 17 paise down on January 28 following a surge in the dollar index.

On January 28, the rupee opened 17 paise lower after the dollar index surged.The local currency opened at 86.50 against the dollar but slipped to 86.55. It ended at 86.33 against the dollar in the previous session.The rupee depreciated 11 paise to close at 86.33 (provisional) against the US dollar on Monday, as strong dollar demand and a muted trend in domestic equities weighed on investors' sentiments.read more :- Indian rupee ended 13 paise lower at 86.33 per dollar on Monday versus Friday's close of 86.20.

Monday's closing price of the Indian rupee was 86.33 per dollar, 13 paise less than Friday's finish of 86.20.At close, the Sensex was down 824.29 points or 1.08 percent at 75,366.17, and the Nifty was down 263.05 points or 1.14 percent at 22,829.15. About 541 shares advanced, 3399 shares declined, and 115 shares unchanged.read more :- India cracks down on misdeclared Chinese fabric imports

India Cracks Down on Undeclared Chinese Fabric Imports, ₹200 Cr Seizure at MundraIndia has stepped up its action against the unchecked import of Chinese fabrics, especially synthetic knitted textiles, following sustained concerns raised by the domestic textile industry.Despite the government imposing a Minimum Import Price (MIP) on select HSN codes to control rising imports, shipments have continued to enter the country through alternative non-MIP classifications, reducing the effectiveness of the measure.In a major operation, the Directorate of Revenue Intelligence (DRI) seized around 100 containers of Chinese fabric at Mundra Port, with an estimated value of ₹200 crore. The goods were allegedly misdeclared as low-cost fabric, while actually containing high-quality textiles—indicating an attempt to evade customs duties.Initial investigations suggest that the real value of the seized consignment could be significantly higher than the declared ₹25 crore. Similar suspicious consignments have also been intercepted at Jawaharlal Nehru Port, pointing to a wider pattern of misdeclaration and tax evasion.Following the seizure, DRI has launched a nationwide probe to track the import network and identify those involved. Authorities are also tracing the distribution channels of these goods across the country and examining whether similar practices are ongoing at other ports.The crackdown has highlighted serious loopholes in import regulations, increasing pressure on policymakers to tighten enforcement. With the domestic textile sector demanding stronger safeguards, the effectiveness of these measures in curbing unfair trade practices will be closely watched in the coming months.read more :- The local currency opened 8 paise down at 86.36 against the US dollar, as against 86.28 against the greenback at the friday open.

In relation to the US dollar, the local currency opened 8 paise lower at 86.36, compared to 86.28 at the start of Friday.The Indian rupee opened 8 paise lower on January 27 due to the dollar index surging as US Federal Reserve policy is in focus. The local currency opened 8 paise lower at 86.36 against the US dollar, as against 86.28 against the greenback at the previous close.read more :- The Indian rupee increase 25 paise to close at 86.21 per dollar on Friday, as against 86.46 on thursday.

On Friday, the Indian rupee rose 25 paise to close at 86.21 to the US dollar, up from 86.46 on Thursday.The Sensex fell 329.92 points, or 0.43 percent, to 76,190.46, while the Nifty dropped 113.15 points, or 0.49 percent, to 23,092.20. Market breadth showed weakness, with 1,018 stocks advancing, 2,764 declining, and 115 remaining unchanged.read more :- Cotton production to reach 30.4 million bales, big relief for textile industry; Know the forecast of Cotton Association of India