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Rupee closed 4 Paise higher at 86.36 Against US DollarThe Indian rupee on thursday higher 4 paise to close at 86.36 per dollar, while it opened at 86.40 in the morning.At close, the Sensex was up 899.01 points or 1.19 percent at 76,348.06, and the Nifty was up 283.05 points or 1.24 percent at 23,190.65. About 2296 shares advanced, 1554 shares declined, and 124 shares unchanged.read more :-Cotton News: Good news for cotton farmers! Improvement in cotton prices CCI's big decision

Cotton Prices Rise: CCI’s Big Decision Benefits FarmersCotton News:- Cotton Corporation of India (CCI) has purchased cotton in large quantities as cotton prices have been under pressure since the beginning of this year. CCI has so far purchased 1 crore (100 lakh) bales of cotton from across the country, with the highest purchases being made from Telangana.In Telangana alone, 40 lakh bales of cotton, i.e. 40 per cent of the total purchases, have been purchased. After this, 29 lakh bales have been purchased in Maharashtra, 13 lakh bales in Gujarat, 6 lakh bales in Karnataka and 4 lakh bales in Madhya Pradesh. CCI is also involved in purchasing in other states.The central government has announced a guaranteed price of Rs 7,121 per quintal for medium staple cotton and Rs 7,521 per quintal for long staple cotton this year. But the price of cotton in the real market remains lower than the guaranteed price.Cotton rates remain between Rs 6,700 and Rs 7,000 per quintal. Cotton prices have improved by Rs 100 to Rs 200 in the last two-three days, but they are still below the guaranteed price.While many farmers have decided to hold their goods due to low prices in the market, some farmers have preferred to sell cotton to CCI.Bulk purchase from CCIThe market has got support from CCI's heavy purchases. CCI has bought 44 per cent of the total cotton that came to the market this year. Despite the slowdown in international markets, CCI's active purchases did not lead to a major decline in rates in the domestic market. Due to this, the current level of cotton price in the country is stable between Rs 6,700 and Rs 7,000 per quintal.CCI, the country's largest cotton stockist, has now started selling cotton. But cotton prices in CCI auctions are higher than open market rates.Currently, the open market prices of cotton bales are between Rs 52,000 and Rs 54,000 depending on the quality. However, in the CCI auction on March 17, cotton sold between Rs 54,000 and Rs 55,500 per quintal. So far, CCI has sold 2 lakh 8 thousand bales of cotton, out of which mills have bought 94,500 bales and traders have bought 1 lakh 13 thousand bales.Cotton prices in the open market also get support as cotton traders and mills buy at higher rates in CCI auctions. This is likely to provide some relief to farmers, although market prices have still not reached the guaranteed price level. This purchase and sale policy of CCI has helped stabilize the cotton market and prevent a fall in prices.read more :-Indian rupee opens 4 paise higher at 86.40 against US dollar

Against the US dollar, the Indian rupee begins 4 paise higher at 86.40.Indian rupee opened higher at 86.40 per dollar on Thursday versus Wednesday's close of 86.44.read more :-Cotton Rate: Cotton rate revised up to Rs 200 CCI sells cotton at higher prices

Cotton Rate: CCI sells cotton at higher prices after revising the rate by up to Rs 200.Since the beginning of this year, there has been pressure on cotton prices in the country, so CCI's purchases have increased. CCI has so far purchased 1 crore bales of cotton in the country. The highest purchase has been made in Telangana.After this, 29 lakh bales were purchased in Maharashtra. CCI is selling cotton. However, CCI's cotton is being sold at a price higher than the open market price. It is getting support from the price of cotton. Cotton prices also saw a correction of Rs 100 to Rs 200.The central government has announced a minimum support price of Rs 7,121 for medium-long-staple cotton and Rs 7,521 for long-staple cotton this year. However, cotton prices in the market have remained below the guaranteed price so far. Cotton sold between Rs 6,700 and Rs 7,000.However, there has been some improvement in cotton prices for the last two-three days. But the prices are lower than the guaranteed price. Some farmers even held back their goods due to low prices in the market. This year farmers have preferred to give cotton to CCI.CCI's purchases were good due to low prices in the open market. CCI has so far purchased 1 crore bales (10 million bales) of cotton. CCI purchased 44 percent of the total cotton that came to the market. Due to CCI's support, the market did not fall much despite the bearish pressure in the international market. The price level in the country was seen between 6,700 and 7,000.State-wise purchaseOut of the one crore bales purchased by CCI across the country, 40 lakh bales of cotton were purchased in Telangana. This means that 40 percent of the cotton was purchased in Telangana alone. 29 lakh bales of cotton were purchased in Maharashtra. 13 lakh bales of cotton were purchased in Gujarat, 6 lakh bales in Karnataka and 4 lakh bales in Madhya Pradesh. CCI was successful in making purchases in the remaining states this year as well.CCI is being sold at a higher price.CCI is currently the largest cotton stockist in the country. CCI is selling cotton in the market. However, CCI's selling price is higher than the market price. The price of cotton khadi in the open market is between Rs 52,000 and Rs 54,000 depending on the quality. However, in the CCI auction on March 17, cotton was sold between Rs 54,000 and Rs 55,500.CCI sold 2 lakh 8 thousand cotton bales. Out of this, mills bought 94,500 bales and traders bought 113,000 bales of cotton. CCI's cotton traders and mills are buying at higher prices. Therefore, cotton prices are getting support in the open market as well.CCI bought 1 crore bales of cotton in the country. Registration for selling cotton to CCI closed on March 15. However, cotton will be purchased from registered farmers. Therefore, registered farmers can offer cotton to CCI.read more :-Indian Rupee higher 17 Paisa, Ends at 86.56 per Dollar

Rupee Strengthens 17 Paisa Against Dollar, Closes at 86.56The Indian rupee on tuesday higher 17 paise to close at 86.56 per dollar, while it opened at 86.73 in the morning.At close, the Sensex was up 1,131.31 points or 1.53 percent at 75,301.26, and the Nifty was up 325.55 points or 1.45 percent at 22,834.30. About 2715 shares advanced, 1153 shares declined, and 117 shares unchanged.read more :- Indian rupee opens 6 paise higher at 86.73 against US dollar

In relation to the US dollar, the Indian rupee opens 6 paise higher at 86.73.The Indian rupee opened 6 paise higher on March 18 at 86.73 against the US dollar, as compared to 86.79 against the greenback at the previous close.read more :-Amravati CCI Center: Cotton purchase through CCI stopped; Hundreds of quintals of cotton in farmers' homes

Cotton purchases under CCI have ceased at the Amravati CCI Center.  Cotton quintals in the hundreds at farmers' housesAmravati: Farmers had stored cotton at home in the hope of price increase. The government had started CCI Purchase Center to ensure good prices for cotton. However, the purchase of cotton through CCI has been stopped. Due to this, hundreds of quintals of cotton are now lying idle in the farmers' homes. This is likely to cause a loss of Rs 500 to 600 per quintal.Cotton prices remained low even after farmers started harvesting cotton. Farmers had stored cotton at home in the hope of price increase. But the price was not increasing. Meanwhile, the government had started CCI Purchase Center, providing guaranteed price for cotton. Farmers had to register here to sell cotton. After this, the purchase of cotton was started.Purchasing stoppedMeanwhile, farmers who have registered for government cotton purchase till March 15. CCI bought cotton of those farmers. However, hundreds of quintals of cotton are still lying in the houses of farmers. Cotton producing farmers are in big trouble, as the government's cotton procurement has stopped, while some farmers' cotton harvesting is still going on.Farmers will suffer lossesThe rate of cotton procurement through government CCI was Rs 7,461 to Rs 7,600. The price of cotton in the open market in Amravati district is Rs 6,800 to Rs 7,000 per quintal, due to which cotton farmers are incurring a loss of Rs 500 to Rs 600 per quintal. Therefore, farmers have demanded that the government start cotton procurement immediately.read more :-Indian Rupee higher 12 Paisa, Ends at 86.79 per Dollar

The Indian rupee on monday higher 12 paise to close at 86.79 per dollar, while it opened at 86.91 in the morning.At close, the Sensex was up 341.04 points or 0.46 percent at 74,169.95, and the Nifty was up 111.55 points or 0.50 percent at 22,508.75. About 1541 shares advanced, 2403 shares declined, and 115 shares unchanged.read more :-Rupee opens 9 paise up at 86.91 against US dollar

In relation to the US dollar, the rupee opens 9 paise higher at 86.91.Indian rupee opened 9 paise higher at 86.91 per dollar on Monday versus Thursday's close of 87.read more :-CCI Cotton Procurement: Important Information

CCI Cotton Purchasing: Crucial DetailsWith 18 per cent of cotton remaining in farmers' houses, the Cotton Corporation of India (CCI) has threatened to 'stop procurement' through registration from today (15th). As a result, there is a fear that cotton prices, which are already below the guaranteed price, will come under further pressure.On an average, cotton is cultivated in an area of 13 million hectares in the country. This year the area was limited to 11.3 million hectares. The main reason for this was that cotton prices remained under pressure. But due to no alternative, farmers cultivated cotton.Cotton was cultivated in about 40 lakh hectares of area in Maharashtra. Cotton marketing expert Govind Vairale said that a total of 14.75 million quintals are expected to be produced from 11.3 million hectares of area in the country, while 370 million quintals are expected to be produced in Maharashtra from 40 million hectares of area.A large part of this cotton has been sold and currently 250 to 300 lakh quintals of cotton is left across the country, while 60 to 70 lakh quintals of cotton is available in Maharashtra. Farmers had stored cotton and stopped selling due to fear of price rise.However, with no hope of price rise, cotton is now being taken out of storage for sale. Meanwhile, preparations are underway by CCI to complete the purchase at the guaranteed price, so it is feared that the price of cotton will fall by Rs 250 to 300 per quintal.Purchase of one crore cotton balesAccording to CCI CEO Lalit Kumar Gupta, CCI has purchased one crore cotton bales across the country. He predicted that 1.5 to 2 million bales of cotton will be received in the coming time. He also said that the cotton season is in its final stage.Cotton prices have fallen in the market this year. Government procurement was a relief for farmers. There is still a lot of cotton left. If procurement is stopped like this, farmers will suffer huge financial losses. The government needs to intervene.- Arvind Nakhle, farmerCCI, which is claiming to buy cotton from the previous batch, has threatened to stop buying cotton without registration. This is wrong. Only with the presence of 'CCI' in the market, competition will remain in the market and farmers will get the best price. At present, cotton prices are Rs 500 to Rs 600 per quintal less than MSP. This year no agricultural product got a guaranteed price. Therefore, CCI needs to remain in the market.- Adv. Sudhir Kothari, Chairman, Market Committee HinganghatPrices are somewhat stable due to the presence of CCI in the market. If CCI is excluded from the procurement process, prices will fall further and farmers will have to bear an additional loss of Rs 250 to Rs 300 per quintal.- Govind Vairale, Cotton Marketing ResearcherCotton harvesting has been completed and cotton from Shivara has reached the farmers' homes. CCI has set a deadline of March 15 for cotton registration, which will give farmers an opportunity to sell this cotton. Only farmers who register within the deadline will be able to sell cotton to CCI. I don't think there should be any problem in registration because the cotton is already in the farmers' homes. read more :-Indian Rupee higher 13 Paise to 87 Against US Dollar

Rupee closed 13 Paise higher at 87 Against US DollarThe Indian rupee on thursday higher 13 paise to close at 87 per dollar, while it opened at 87.13 in the morning.At close, the Sensex was down 200.85 points or 0.27 percent at 73,828.91, and the Nifty was down 73.30 points or 0.33 percent at 22,397.20. About 1463 shares advanced, 2348 shares declined, and 123 shares unchanged.read more :-Rupee open 19 paise up at 87.13 against dollar