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From its previous close of 85.75 to 85.78 per dollar on Friday, the Indian rupee saw a slight decline.The Sensex closed 666.63 points or 0.83 per cent lower at 79,277.08 and the Nifty closed 164.45 points or 0.68 per cent lower at 24,024.20. Around 1865 stocks advanced, 1578 declined and 93 stocks remained unchanged.read more :- Textile industry seeks cheaper raw materials, cotton duty removal, and price stabilisation in budget

The textile sector wants lower-cost raw materials, the elimination of cotton duties, and budgetary price stability.The availability of raw materials at internationally competitive prices, the removal of import duty from the cotton fibre of all varieties, and the cotton price stabilisation fund scheme are among the major demands of the Indian textile & apparel industry ahead of the Union Budget 2025-26.The Indian Textile & Apparel Industry, in its pre-budget memorandum, demanded ensuring the availability of raw materials at internationally competitive prices.Indian domestic raw material prices are significantly higher than international prices. The industry body stated that while competitors like Bangladesh and Vietnam have free access to such raw materials, India has imposed QCO on MMF fibre/yarn, which is acting as a non-tariff barrier on the imports of such raw materials and thus affecting their free flow. It has resulted in a shortage of some specialised fibre/yarn varieties and also impacted domestic prices, it added.It demanded the removal of import duty from the cotton fibre of all varieties, stating that the Indian cotton industry is importing specialised varieties of cotton, such as contamination-free, organic cotton, sustainable cotton, etc., which are not available domestically.The import duty that was imposed to safeguard the interest of farmers is not serving its intended purpose, rather hurting the domestic cotton textile value chain, it stated. The industry body suggested carrying out cotton purchase operations on Minimum Support Price (MSP) through a Direct Benefit Transfer (DBT) mode.The industry body demanded the Cotton Price Stabilisation Fund Scheme to enable the industry to overcome this issue of price volatility.“At present the textile mills are able to avail working capital only for three months from the banks, due to which mills usually procure 3 months of cotton stock at the start of the season when the cotton prices are usually cheaper. For the remaining months, the mills source cotton from the traders and CCI, whose cotton prices vary according to the market conditions; thus, it becomes difficult for the mills to plan their production schedule effectively. To enable the industry to overcome this issue of price volatility, the government may consider coming up with a Cotton Price Stabilisation Fund Scheme,” the industry body added in the memorandum.The industry body said that the fund should be comprised of 5 per cent interest subvention or loan at the NABARD interest rate (cotton being an agricultural commodity), a credit limit period from three months to eight months, and a reduction in the margin money for cotton working capital from 25 per cent to 10 per cent.read more :- Rupee falls 3 paise to 85.78 against US dollar in early trade

In early trading, the rupee drops 3 paise to 85.78 against the US dollar.This comes after rupee depreciated 9 paise to close at 85.73 (provisional) against the US dollar on Thursday, as strong dollar demand from importers and foreign fund outflows dented investor sentiments.read more :- The Indian rupee closed 9 paise lower at 85.75 per dollar on Thursday from Wednesday's 85.64.

After closing at 85.64 on Wednesday, the Indian rupee fell 9 paise to settle at 85.75 on Thursday against the US dollar.The Sensex rose 1,405.77 points or 1.79 per cent to close at 79,913.18 and the Nifty rose 447.30 points or 1.88 per cent to close at 24,190.20. About 2109 stocks advanced, 1347 declined and 84 stocks remained unchanged.read more :- Cotton arrivals in India stood at 12.38 million bales in October-December 2024

Between October and December 2024, 12.38 million bales of cotton were imported into India.India has received 123.80 lakh (or 12.38 million) bales of 170 kg cotton during the first three months of the current season 2024-25 (October-September). The country's apex industry body, the Cotton Association of India (CAI), has estimated cotton arrivals. The organisation has projected a total production of 302 lakh bales for the current season.According to CAI estimates, India recorded 69.22 lakh bales of cotton during the first two months of the current season, October and November. About 52.52 lakh bales of cotton arrived in the mandis during December 2024.State-wise arrival data showed that North India, which includes Punjab, Haryana, Upper Rajasthan and Lower Rajasthan, received 9 lakh bales in October and November and 5.03 lakh bales in December, taking the total for the current season to 14.16 lakh bales.Gujarat and Maharashtra recorded 21.63 lakh bales and 22.93 lakh bales, respectively, this season. Similarly, Madhya Pradesh received 9.52 lakh bales, Telangana 31.95 lakh bales, Andhra Pradesh 6.73 lakh bales, Karnataka 15.18 lakh bales, Tamil Nadu 53,400 bales, Odisha 82,500 bales and others received 30,000 bales of cotton.CAI has estimated cotton production at 302.25 lakh bales. The production is expected to decline by about 7 per cent as against 325.22 lakh bales in the last season. The Government of India has estimated the production of 299.26 lakh bales in the current season.read more :- Rupee falls 11 paise to 85.75 against US dollar during early trade

Early trading sees the rupee drop 11 paise to 85.75 against the US dollar.The rupee dropped 11 paise to 85.75 against the US dollar in early trade on Thursday, weighed down by the significant uptrend in the dollar index and US 10-year bond yields.At the interbank foreign exchange, the rupee opened at 85.69 then fell further to 85.75 against the American currency, registering a fall of 11 paise over its previous close.read more :- Indian rupee ended marginally lower at 85.64 per dollar on Wednesday versus Tuesday's close of 85.61.

Compared to Tuesday's close of 85.61, the Indian rupee ended Wednesday slightly weaker at 85.64 per dollar.the Sensex was up 368.40 points or 0.47 percent at 78,507.41, and the Nifty was up 98.10 points or 0.41 percent at 23,742.90. About 2642 shares advanced, 1177 shares declined, and 83 shares unchanged.read more : - The rupee closed 7 paise lower at 85.61 against the US dollar this evening.

This evening, the rupee ended the day 7 paise down versus the US dollar at 85.61.Indian stock market benchmarks, the Sensex and Nifty 50 ended the year with marginal gains. On December 31, the Sensex closed 109 points or 0.14% lower at 78,139.01, while the Nifty 50 closed 0.10% lower at 23,644.80.read more :- Cotton up on rising demand from apparel industries and robust export orders

Cotton up on strong export orders and growing demand from the clothing sectorsCotton candy prices rose 0.04% to close at ₹54,160, enabled by rising cotton yarn demand from apparel industries and robust export orders. However, domestic cotton arrivals in the north Indian states of Punjab, Haryana and Rajasthan have declined by 43% year-on-year till November 30, 2024, impacting the supply chain. Farmers are reportedly holding back kapas (un-ginned cotton) in anticipation of better prices, leading to a shortage of raw material for ginners and spinners.India's cotton production for the 2024-25 season is estimated at 302.25 lakh bales of 170 kg each, while imports are expected to rise to 25 lakh bales, a significant increase from the previous season. As of November 30, 9 lakh bales had already arrived at Indian ports. The ending stocks for September 2025 are estimated at 26.44 lakh bales, down from 30.19 lakh bales last year. Globally, cotton production for 2024/25 is estimated at 117.4 million bales, led by higher production in India, Argentina and Brazil. Consumption is estimated to increase by 570,000 bales, with rising demand in India, Pakistan and Vietnam offsetting the decline in China. World ending stocks have increased by 267,000 bales, while opening stocks have decreased by 428,000 bales.Technically, short covering was witnessed in the cotton candy market, with open interest falling 0.27% to 367 contracts. Prices found support at ₹53,260, with a possible decline to ₹52,350. Resistance is likely at Rs 55,540, and a breakout above this level could test Rs 56,910, supported by improving demand and mixed supply dynamicsread more :- Rupee falls 9 paise to 85.61 against US dollar in early trade

In early trading, the rupee drops 9 paise to 85.61 versus the US dollar.The rupee dropped 4 paise to 85.52 (provisional) against the US dollar in early trade on Monday, as dollar demand from importers, foreign fund outflows and a muted trend in domestic equities dented investor sentiments.Rupee on Tuesday fell by 9 paise to 85.61 against US dollar in early trade.Read More :-  By the end of March 2025, Iran expects to produce 65,000 tons of cotton.

Iran forecasts 65,000 tons of cotton production by end of March 2025The director of cotton planning at the Ministry of Agriculture announced that cotton harvesting in Iran began in September, and 65,000 tons are projected to be produced by the end of the current Iranian calendar year, which ends on March 20, 2025. Ebrahim Hejjarribi shared these projections in an exclusive interview with IRIB, highlighting ongoing efforts to meet the country's cotton demands.Hejjarribi explained that domestic cotton producers supply about half of the cotton needed by the textile industry, while the rest is imported. The demand for cotton in the domestic market is between 150,000 and 180,000 tons annually. However, by the end of the current year, it is estimated that domestic production will meet about 40 percent of this demand.This production is part of the government's broader efforts to reduce dependence on imports and support local cotton farmers. Despite the increase in domestic cotton production, a significant gap persists between total demand and locally sourced supply. The industry is still highly dependent on imported cotton to meet the entire requirements of the textile sector.The goal of achieving a greater share of domestic production is key to the country's economic strategy, as it seeks to strengthen the agricultural sector and reduce dependence on foreign cotton sources. The ongoing efforts reflect a comprehensive initiative to boost agricultural production and address local supply shortages in various industries.Read more :-  The rupee declined by 2 paise to close at 85.54 against the dollar this evening