Recent News

Rupee depreciates against dollar, loses 1 paiseRupee opened with weakness today against the dollar in the foreign exchange market. Today the rupee opened with a weakness of 1 paise at Rs 74.57 against the dollar. At the same time, on Monday, the rupee closed at a level of 74.56 with a weakness of 14 paise against the dollar.

Sensex opened again, breaking 805 pointsToday the stock market opened with a fall. Today the BSE Sensex fell by about 805.26 points and opened at the level of 56686.25 points.

NAEC seeks govt intervention in containing high cost of cotton yarn, fabrics to boost exports"The Noida Apparel Export Cluster (NAEC) on Sunday sought immediate intervention of the government in containing high cost of cotton yarn and fabrics, saying rising prices are impacting exporters. NAEC president Lalit Thukral suggested control in cotton exports, removal of 10 per cent cotton import duty, and development of a mechanism to regulate the prices of cotton and other raw materials to support the sector."Apparel industry is facing a severe problem of high cost of cotton yarn and fabrics. During the last couple of months the cotton prices have been hiked up to 80 per cent. The prices of the cotton per candy of 335 kg went to Rs 74,000 from Rs 37,000. In apparel making, 75 per cent of raw material used is cotton," he said.He added that the unexpected steep price rise of the cotton posed a great challenge to the apparel manufacturers and exporters as it is hurting the production cost, which has been increased many folds.""Indian exporters are losing export orders and facing tough competition in the global export market. Moreover, they are also losing confidence of the importers and the buying houses," Thukral said, adding the major reason for this situation is unchecked export of cotton to competing countries like Bangladesh, Vietnam and Thailand.""MSME apparel production units are facing the high price rise issue along with capital and liquidity crunch.He added that the prices of the fabrics have been increased to Rs 40-50. Bangladesh, Vietnam Thailand and other countries are manufacturing apparels with low production cost because of cotton imported from India and posing strong competition to India in the global market."Immediate intervention of the government is needed to save the apparel industry," he said adding "unlike Bangladesh, we are not having free trade agreements"."

All India Weather Forecast for January 25, 2022Weather systems made across the countryA Cyclonic Circulation is persisting over Punjab and adjoining areas.A trough is extending from this cyclonic circulation up to Bihar.Another trough is extending from Bihar to South Odisha.Weather movement across the country during the last 24 hoursDuring the last 24 hours, the minimum temperature has dropped by 5 to 7 degrees over East Gujarat, North Konkan and parts of Goa, Vidarbha, Madhya Pradesh and Telangana.The remaining parts of North-West and Central saw a drop of 3 to 4 degrees in the minimum temperature.Snowfall with light to moderate rain and scattered heavy rains occurred over the Western Himalayas.Light to moderate rain occurred at one or two places in Odisha.Light to moderate rain occurred over northern parts of Punjab, parts of Haryana, Uttar Pradesh, Gangetic West Bengal, Tamil Nadu and Jharkhand.Light rain occurred over Meghalaya, Nagaland, Manipur, Mizoram, Tripura, parts of Bihar, Chhattisgarh, Coastal Andhra Pradesh and Andaman and Nicobar Islands.Isolated light rain occurred over Konkan and Goa.Weather activity likely during next 24 hoursDuring the next 24 hours, light to moderate rain and snow are possible over Western Himalayas.Light rain may occur at isolated places over northern parts of Punjab, parts of Haryana, Uttar Pradesh, West Bengal, Odisha and Northeast India.Light rain may occur over Coastal Andhra Pradesh, Tamil Nadu and Andaman and Nicobar Islands.The minimum temperatures are likely to drop further over Northwest, Central and East India. Telangana's minimum temperature may also drop by 3 to 4 degrees.

Rupee down by 14 paise to close at Rs 74.56 against dollar today evening.Today the closing took place with a fall in the stock market.Today, where the Sensex closed at a level of 57491.51 points, down 1545.67 points. On the other hand, Nifty closed at the level of 17149.10 points down by 468.10 points. 

All India Weather Forecast for January 24, 2022Weather systems made across the countryThe Western Disturbance is over Ladakh and is moving eastwards.An Induced Low Pressure Area is being observed over Northwest Rajasthan. The associated cyclonic circulation extends up to 1.5 above mean sea level.Weather movement across the country during the last 24 hoursDuring the last 24 hours, there has been heavy snowfall over Gilgit-Baltistan, Muzaffarabad, Ladakh, Himachal Pradesh and Uttarakhand with moderate rain and snow at a few places.Light to moderate rain occurred at one or two places in parts of Punjab, Haryana, Delhi and Northeast Rajasthan.Light to moderate rain occurred over East Madhya Pradesh, Uttar Pradesh and parts of Bihar and Jharkhand.Light rain occurred at isolated places over rest of Madhya Pradesh, Konkan and Goa, Madhya Maharashtra, West Bengal, Chhattisgarh, Assam, Meghalaya, Arunachal Pradesh and Odisha, East Gujarat and Andaman and Nicobar Islands.The minimum temperature fell by 5-7 degrees in Gujarat and 3-4 degrees in western parts of Rajasthan and Madhya Pradesh.Weather activity likely during next 24 hoursDuring the next 24 hours, light to moderate rain with isolated heavy falls very likely to occur over Western Himalayas.Light to moderate rain may occur over Uttar Pradesh, Bihar, Jharkhand, West Bengal, parts of Haryana, Punjab, Assam and Arunachal Pradesh.Light rain is possible at isolated places over Delhi, Chhattisgarh, Odisha, Coastal Andhra Pradesh and Andaman and Nicobar Islands, Tamil Nadu and South Konkan and Goa.The minimum temperature is likely to drop by 3-4 degrees over Northwest and Central India.

COTTON: Net sales of 273,000 RB for 2021/2022 were down 32 percent from the previous week, but up 12 percent from the prior 4-week average.  Increases primarily for Pakistan (62,600 RB), China (62,200 RB, including 6,400 RB switched from Vietnam), Bangladesh (28,100 RB), Vietnam (27,200 RB, including 1,300 RB switched from Japan), and Turkey (25,800 RB), were offset by reductions for Japan (900 RB) and Mexico (400 RB).  Net sales of 139,200 RB for 2022/2023 were primarily for Pakistan (95,000 RB) and Honduras (22,200 RB).  Exports of 198,700 RB were up 19 percent from the previous week and 41 percent from the prior 4-week average.  The destinations were primarily to China (55,200 RB), Vietnam (54,200 RB), Mexico (31,200 RB), Pakistan (13,700 RB), and Turkey (10,300 RB).  Net sales of Pima totaling 3,800 RB were up 58 percent from the previous week, but down 26 percent from the prior 4-week average.  Increases were primarily for India (1,200 RB), Italy (500 RB), Japan (500 RB), Taiwan (400 RB), and Pakistan (400 RB).  Exports of 7,500 RB were down 19 percent from the previous week, but up 7 percent from the prior 4-week average.  The destinations were primarily to India (2,400 RB), Peru (1,500 RB), Pakistan (1,000 RB), Germany (900 RB), and Egypt (900 RB).  Optional Origin Sales:  For 2021/2022, new optional origin sales of 52,800 MT were reported for Vietnam.  The current outstanding balance of 61,600 RB is for Vietnam (52,800 RB) and Pakistan (8,800 RB).Exports for Own Account:  For 2021/2022, the current exports for own account outstanding balance is 100 RB, all Vietnam.

Today evening, the rupee strengthened by 8 paise to close at Rs 74.42 against the dollar.Today the stock market closed with a fall.Today, where the Sensex closed at the level of 59037.18 points down by about 427.44 points.Nifty closed at 17617.20 points down by 139.80 points. 

Rupee opens 2 paise stronger against dollarRupee opened strongly against the dollar in the foreign exchange market today. Today the rupee opened with a strength of 2 paise at Rs 74.48 against the dollar. At the same time, on Thursday, the rupee closed at Rs 74.50 with a strength of 8 paise against the dollar.

Sensex boomed as soon as it opened, breaking open by breaking 520 pointsToday the stock market opened with a fall. Today the BSE Sensex fell by about 520.08 points and opened at the level of 58944.54 points.

All India Weather Forecast for January 21, 2022Weather systems made across the countryThe Western Disturbance is over eastern parts of Himachal Pradesh and adjoining Uttarakhand.Another Western Disturbance is persisting over North Pakistan and adjoining areas.The Cyclonic Circulation is over Bangladesh.Weather movement across the country during the last 24 hoursDuring the last 24 hours, the Western Himalayas received light to moderate rain and snow.Andaman and Nicobar Islands received light to moderate rain with one or two heavy spells of rain.Light rain occurred over parts of Punjab, Haryana, Delhi, West Uttar Pradesh and Northwest Rajasthan and isolated parts of Assam and Sikkim.Whether dense fog remained over South Punjab, Delhi and parts of Uttar Pradesh.The minimum temperature has increased by 2-3 degrees over Northwest and Central India.Cold day conditions prevailed in parts of Uttar Pradesh, Punjab and Haryana.Weather activity likely during next 24 hoursDuring the next 24 hours, one or two heavy spells of rain with light to moderate rain at a few places are likely over Andaman and Nicobar Islands.Light to moderate rain is possible over Sub-Himalayan West Bengal, Sikkim, Assam, Meghalaya, Arunachal Pradesh and parts of Manipur, Mizoram, Nagaland parts of North Punjab and North Haryana.Light to moderate rain with isolated snowfall is possible over Western Himalayas on January 20 and 21. Moderate to heavy snowfall is possible on 22nd and 23rd January.