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The rupee strengthened by 1 paise to close at Rs 82.96 against the dollar this evening.Today, the Sensex closed at the level of 71428.43 points with a decline of around 723.57 points. At the same time, Nifty closed at the level of 21718.00 points with a fall of 212.50 points.

Rupee opened stronger against dollarToday, the rupee opened 3 paise stronger at Rs 82.96 against the dollar.BSE Sensex opened higher todayToday BSE Sensex opened with a rise of 171.02 points at the level of 72323.02 points. Whereas NSE's Nifty opened at 21980.70 points with a gain of 50.20 points. Trading started today in a total of 2,317 companies on BSE.

CCI starts 110 cotton procurement centers in Maharashtra.Nanded: Farmers are not getting guaranteed price in the marketCottonIt is time to sell at the center of government. CCI (Cotton Corporation of India) has so far procured 11 lakh 65 lakh quintals of cotton from farmers. Another 70 percent Cotton CCI predicts that is yet to come.The government has fixed a guarantee price of Rs 6,970 for good quality cotton in the state. Initially, cotton had a good price in the private market. Therefore, it was estimated that the government will not have to open cotton buying centers this year as well; But in reality this prediction turned out to be false. The merchant class started looting the farmers' cotton in the market by blaming it as 'not good quality'. Cotton started fetching less than the guaranteed price. Therefore, the need for a government cotton procurement center arose. Today, CCI has started 110 cotton procurement centers in the state. Quality of Cotton Good Initially, the quality of cotton in the state declined somewhat due to rains; But now good quality cotton is coming. So far 30 percent cotton has arrived. Another 70 percent of cotton is waiting to arrive. Four and a half crore quintal productionis estimated to be four and a half crore quintal cotton production in the state this year.Production may decrease due to decrease in sowing as compared to last year. CCI started 110 centers for procurement. CCI is ready to buy at a guaranteed rate if no good price is found in the market.  - S. K. Panigrahi, Senior General Manager, CCI, Mumbaisourc : lokmat

The rupee strengthened by 9 paise to close at Rs 82.97 against the dollar this evening.Today the Sensex closed at 72152.00 with a marginal decline of 34.09 points or 0.05 percent and the Nifty closed at 21930.50 with a marginal gain of 1.10 points or 0.01 percent.

The rupee opened strongly against the dollar today.The rupee opened strongly against the dollar today. Today the rupee opened 3 paise stronger at Rs 83.03 against the dollar. At the same time, on Tuesday, the rupee closed at Rs 83.06 against the dollar without any change. Today BSE Sensex opened with a rise.Today BSE Sensex opened at 71829.98 points with a gain of about 98.56 points. Whereas NSE's Nifty opened at 21797.80 points with a gain of 26.10 points. Today, trading started in a total of 2,235 companies on BSE.

This evening, the rupee closed at 83.06 against the dollar without any change.Today Sensex closed at 72186.09 with a rise of 454.67 points or 0.63 percent and NIFTY 50 also closed at 21929.40 with a rise of 157.70 points or 0.72 percent.

*Take action against traders buying cotton below MSP: Fadnavis*Nagpur: Deputy Chief Minister Devendra Fadnavis has issued instructions to register crimes if traders do not buy cotton at the minimum support price (MSP). The mandate is not new but during the cabinet meeting on Monday, Fadnavis again stressed on its implementation besides strict monitoring of cotton procurement.Cotton growers of Vidarbha, who had held back their crop in the hope of getting better prices, are now disappointed.Needing cash, farmers have started selling cotton, but they are getting rates below the MSP, which is Rs 7,020 per quintal for the long staple grade.If the cotton is taken to the ginning mill, the market rates range between ₹6,800 to ₹6,500. Some farmers TOI spoke to said that if the producer sells directly from the farm, the rate is ₹6,100 to ₹6,000.According to farmers, private ginners are paying less by saying that the quality is inferior. A group of farmers in Yavatmal had submitted a memorandum to the district collector seeking his intervention in ensuring fair price of cotton.Manish Jadhav of Swabhimani Shetkari Paksha said that the memorandum states that the government should take action against traders who are paying less than the MSP. It was also demanded that the Cotton Corporation of India(CCI) should open more centers in the area.Sources in the state agricultural marketing department said that even though farmers have to sell cotton at MSP to CCI, it has to be of a certain grade called Fair Average Quality (FAQ). CCI does not buy cotton below FAQ. He said that even traders should buy only FAQ grade at MSP.FAQ There are basic minimum requirements such as mature cotton in bolls, staple length and moisture. The farmer said that the quality has been affected due to unseasonal rains, which has led to rejection.According to a state government source, a large quantity of cotton is still of FAQ grade and should be purchased at MSP by traders. “However, farmers are not getting a fair deal from traders,” the source said.This year, Maharashtra State Cotton Producers Marketing Federation has not entered into MSP procurement. The federation buys cotton and sells it to CCI. However, now only CCI has procurement centres, which may lead to reduced reach, sources said.Meanwhile, a senior CCI official said 120 procurement centers have been opened across the state and 11 lakh quintals of cotton has been purchased so far. “There is not much crowd of farmers at the centres. The quantity purchased is not unprecedented. The quality has been affected due to rain in some parts of the state. Some farmers with additional superior grades are getting prices above the MSP,” the official said.

This evening, the rupee closed at Rs 83.06 with a weakness of 14 paise against the dollar.Today Sensex closed at 71731.42 points with a fall of 354.21 points. Whereas Nifty closed at the level of 21771.70 points with a fall of 82.10 points.

Cotton prices dip below MSP; CCI acquires 6 lakh quintals in Madhya PradeshCotton procurement by the Cotton Corporation of India (CCI), a nodal agency set up under the ministry of textiles for trade and procurement of cotton, has procured around 6 lakh quintal in Madhya Pradesh till date from the start of the new cotton season.CCI has set up 21 procurement centers in MP and this is the highest procurement in the last two years.Cotton arrivals picked up from October in spot markets and as cotton prices slipped below govt set Minimum Support Prices (MSP), CCI intervened and started procurement from the spot markets.“We have procured around6 lakh quintal cotton so far in MP since October. We will continue purchases until farmers bring their produce to the spot markets. Market prices have improved and ruling around MSP,” said a senior official involved in the procurement exercise in MP wishing anonymity.The nodal agency is procuring cotton from leading cotton cultivating states in the country The government has fixed MSP for medium staple cotton at Rs 6,620 per quintal and for long staple cotton at Rs 7,020 per quintal.Cotton arrivals have gradually dropped in the spot markets and are expected to slip further in coming weeks, said traders.“Flow of arrivals from farmers was very high in November but now daily supplies are gradually coming down. Going ahead there will be further drop in supplies but until we get supplies as per our parameters, we will continue purchases. Last year, we did not enter the market because prices were well above the MSP,” said the official.The trade body Cotton Association of India in January had said that the season was depressing for farmers as cotton rates were trading under MSP by 5 to 20 per cent. Though a jump in supplies lately, aided processing in spinning mills with mills in north India and central India running at almost 100 per cent capacity and in south India at around 80 per cent capacity.source : TOI

The rupee opened with weakness against the dollar today.The rupee opened with weakness against the dollar today. Today the rupee opened with a weakness of 12 paise at Rs 83.04 against the dollar. At the same time, on Friday, the rupee strengthened by 5 paise and closed at Rs 82.92 against the dollar. Today BSE Sensex opened with a decline.Today, BSE Sensex opened at 72028.13 points with a fall of about 57.50 points. Whereas NSE's Nifty opened with a fall of 3.10 points at the level of 21850.70 points. Today, trading started in a total of 2,545 companies on BSE.

This evening, the rupee strengthened by 5 paise and closed at Rs 82.92 against the dollar.Whereas today the Sensex closed at the level of 72,085.63 with a gain of 440.33 points or 0.61 percent. Nifty closed at 21853.80 with a gain of 156.35 points or 0.72 percent.