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Rupee depreciates against dollar, loses 5 paiseRupee opened with weakness today against the dollar in the foreign exchange market. Today the rupee opened with a weakness of 5 paise at Rs 73.47 against the dollar. At the same time, on Tuesday, the rupee closed at Rs 73.42 with a weakness of 31 paise against the dollar.Sensex falls, breaks 25 points openToday the stock market opened with a fall. Today the BSE Sensex fell by about 24.88 points and opened at the level of 58254.60 points. On the other hand, the Nifty of NSE opened at a level of 17348.80 points down by 13.30 points.  

Pakistan Shortage of cotton, yarn: PYMA seeks duty-free import from Turkey, India, UzbekistanPakistan Yarn Merchants Association (PYMA), has appealed Prime Minister Imran Khan to take steps to reduce the cost of production of value-added textile industry, in view of the shortage of cotton, its yarn and the skyrocketing prices and allow duty-free import of cotton and yarn from Turkey, India and Uzbekistan through land routes so that exporters can compete in the ongoing price race in international markets.Hanif Lakhany, Vice President, Federation of Pakistan Chambers of Commerce & Industry (FPCCI) and Senior Vice Chairman PYMA, Farhan Ashrafi, Vice Chairman PYMA and convener FPCCI’s central standing committee on yarn trading said that the value-added sector in the country is facing immense difficulties due to shortage and prices of cotton and cotton yarn reaching record levels as cotton yarn is not available to these export industries even at high prices as per the production demand.PYMA office-bearers said the exporters in the value-added sector are reluctant to accept new orders due to difficulties in procuring basic raw materials. Due to which these orders can be transferred to other countries.

All India Weather Forecast for September 8, 2021Countrywide weather systemsA Deep Low Pressure Area is persisting over Vidarbha and adjoining region, it is expected to move in a west-northwest direction. The Monsoon Trough is passing through Bikaner, Bhopal and passing through a deep low pressure area and then moving east southeast towards West Central Bay of Bengal.Weather movement across the country during the last 24 hoursDuring the last 24 hours, Monsoon was vigorous over parts of Telangana, Vidarbha and Marathwada. These areas received moderate to heavy rain with one or two very heavy showers. Light to moderate rain with isolated heavy falls occurred at isolated places over Assam, West Bengal, Coastal Odisha, Coastal Karnataka and North West Uttar Pradesh. Light to moderate rain occurred at one or two places over North Coastal Tamil Nadu, Kerala, Lakshadweep, Rayalaseema and parts of Jharkhand. Moderate rain at one or two places was observed over parts of Interior Tamil Nadu, Chhattisgarh, parts of Gujarat, Madhya Maharashtra, South-West Madhya Pradesh, Rajasthan and rest of Northeast India. Light rain occurred over remaining parts of Rajasthan, Saurashtra and Kutch, Bihar, Interior Karnataka and Andaman and Nicobar Islands.Possible weather activity during next 24 hoursDuring the next 24 hours, moderate to heavy rains are likely over parts of Vidarbha, Marathwada, North Madhya Maharashtra, Konkan & Goa, South Gujarat and Coastal Karnataka. Light to moderate rain is very likely at isolated places over parts of West Bengal, parts of Odisha, South Madhya Pradesh, Telangana, Sikkim, parts of Assam and Andaman and Nicobar Islands. Light to moderate rain may occur over parts of Bihar, Uttar Pradesh, Jharkhand, Interior Odisha, rest of Madhya Pradesh, South Rajasthan, Western Himalayas, Punjab, Haryana, Delhi, rest of Northeast India, Kerala, Andhra Pradesh and Interior Karnataka. Light rain is possible over remaining parts of Rajasthan and Madhya Pradesh, Chhattisgarh and Lakshadweep.

The rupee declined by 31 paise to close at Rs 73.42 against the dollar this evening.Sensex declines, Sensex closed after losing 17 pointsToday the stock market closed with a fall. Today, where the Sensex closed at a level of 58279.48, down by about 17.43 points. On the other hand, Nifty closed at the level of 17362.10 points down by 15.70 points. 

Rupee depreciates against dollar, loses 3 paiseRupee opened with weakness today against the dollar in the foreign exchange market. Today the rupee opened with a weakness of 3 paise at Rs 73.14 against the dollar. At the same time, on Monday, the rupee closed at Rs 73.11 with a weakness of 9 paise against the dollar.The market has started with a slight uptrend today.At present, the Nifty is seen around 17390 with a gain of 12 points or 0.07 percent. At the same time, the Sensex has slipped into the red mark after opening in the green mark. It is seen at the level of 58,202.41 with a fall of 94 points or 0.16%.

Cotton growers, agri dept on toes as pink bollworm pest spreads tentacles in south PunjabCotton growers in south Punjab are a worried lot these days as pink bollworm infestation has been reported in more areas ahead of the main harvesting period of the kharif crop starting next week.According to the state agriculture department, all 14 blocks of Bathinda and Mansa, the two biggest cotton-producing districts of Punjab, have reported the pest attack. A total of 3.25 lakh hectares is under cotton cultivation in Punjab. Nearly 5% of the area under the crop in Bathinda (96,000 hectares) and Mansa (65,000 hectares) is under the pest attack.Agriculture officials said presently there is no serious threat to cotton production. The maiden picking of the three-picking cycle of cotton is expected to begin after September 15 whereas farmers have started harvesting in the early-sown fields.BT cotton is resistant to American bollworm, but experts say it is susceptible to the pink bollworm as has been seen in Maharashtra, Gujarat and now in Punjab for the second consecutive year.Sources said last year, traces of pink bollworm were found in few pockets of 20 villages in Bathinda and Mansa but in the last few weeks, the pest’s presence is felt in the larger area of the cotton belt.Experts and the agriculture department blame oil mills, cotton ginning units and a section of villagers for ignoring the laid-down protocol to avoid the pest.“Our teams have started holding awareness and field inspection camps and the task in both districts would be completed by Saturday. At present, the economic threshold level of the pest is within permissible limits,” said Singh, who also is in charge of Mansa.Economic threshold level is pest density at which control measures should be applied to prevent increasing pest population.Agriculture development officer Ajaypal Brar said the permissible limit is five adults per cotton ball or flower and the initial inputs suggest in the most area the infestation is not critical.“The next 15-20 days are crucial to containing the infestation. Farmers have been advised for regular inspection of fields and go for spray only if the pest infestation is beyond ETL,” said Brar.Sharanjit Singh, a progressive farmer from Mansa’s Mann Khera village, said cotton growers were hoping for a remunerative season due to high prices being offered by traders but the pest attack in the region is a cause of concern.“Farmers should have completely removed cotton straw, which is used as firewood or consumed to energise brick kilns completely from the fields. Now, the use of additional sprays of pesticides means an avoidable increase in the cost of production,” he added.

PAKISTAN COTTON MARKET UPDATEModerate trading activity on cotton marketThe local market on Monday remained stable and trading volume remained low. The Spot Rate remained unchanged at Rs 13900 per maund. The Polyester Fiber was available at Rs 222 per kg. Cotton Analyst Naseem Usman Business Recorder that the reason behind low trading volume is rains in the cotton growing areas of Sindh and Punjab due which the supply of Phutti was effected.The rate of cotton in Sindh is in between Rs 13500 to Rs 14000 per maund and the rate of cotton in Punjab is in between Rs 13800 to Rs 14100 per maund. The rate of the new crop of Phutti in Sindh was in between Rs 5500 to Rs 6100 per 40 kg. The rate of Phutti in Punjab is in between Rs 5700 to Rs 6200 per 40 kg. The rate of Banola in Sindh is in between Rs 1600 to Rs 1750 per maund. The rate of Banola in Punjab is in between Rs 1700 to Rs 1800 per maund. The rate of cotton in Balochistan is Rs 13700 to Rs 13800 per maund. The rate of Phutti in Balochistan is Rs 6300- 6900 per maund.Market intelligence attributes the variance to a combination of under reporting by ginners and GoP's romance for cotton's glorious past, but that lament has received sufficient attention in this space (and not nearly enough by the government). The net result, however, is that estimates by everyone lose credibility, and add to uncertainty in the market.

All India Weather Forecast for September 7, 2021Weather systems made across the countryThe axis of Monsoon trough is moving towards Anupgarh, Hisar, Meerut, Hardoi, Varanasi, Jamshedpur, Balasore and then east-southeast and moving north-east towards Bay of Bengal.The Low Pressure is persisting over West Central Bay of Bengal and adjoining parts of South Odisha and North Coastal Andhra Pradesh. The Cyclonic Circulation lies over Northwest Rajasthan and adjoining Punjab.Weather movement across the country during the last 24 hoursDuring the last 24 hours, Tamil Nadu, Kerala, Andaman and Nicobar Islands, Coastal Odisha, isolated parts of Rayalaseema, Coastal Andhra Pradesh, parts of Telangana, Karnataka, South Gujarat, parts of Northeast Madhya Pradesh and Jammu and Kashmir Light to moderate rain with heavy rain occurred at a few places. Light to moderate rain occurred over Himachal Pradesh, Uttarakhand, parts of East Rajasthan, Gujarat region, rest of Madhya Pradesh, Chhattisgarh, Interior Odisha, Marathwada, Madhya Maharashtra, parts of Konkan and Goa, West Bengal, South Interior Karnataka and Lakshadweep. Light rain occurred over Delhi and NCR, Uttar Pradesh, Bihar, Jharkhand, Northeast India and Saurashtra and Kutch.Possible weather activity during next 24 hoursDuring the next 24 hours, light to moderate rain with isolated heavy falls at isolated places is likely over South Odisha, South Chhattisgarh, Telangana, Maharashtra, Rayalaseema, parts of Kerala, Karnataka, South Madhya Pradesh and East Gujarat. Is. Light to moderate rain is possible over Northeast India, West Bengal, Sikkim, Kerala, Andaman and Nicobar Islands, Lakshadweep, rest of Madhya Pradesh, Uttarakhand, Himachal Pradesh and East Rajasthan.Light rain is likely in Uttar Pradesh, Bihar, Jharkhand, Delhi, Punjab, Haryana, Jammu and Kashmir, Ladakh, Tamil Nadu, Lakshadweep.

The rupee declined by 9 paise to close at Rs 73.11 against the dollar this evening.Record closing of Sensex, closed higher by 167 pointsToday the stock market closed with a record high. Today, where the Sensex closed at a record level of 58296.91 points with a gain of about 166.96 points. On the other hand, the Nifty closed at a record level of 17377.80 with a gain of 54.20 points.

Pakistan cotton production likely to reach 8.46 million bales this season.Pakistan’s Sindh province expects production of 3.5 million bales of cotton this season, Cotton Crop Assessment Committee chairman Syed Fakhar Imam was informed recently. Because of less rainfall, overall cotton production is expected to increase, he was told. Production in Punjab is expected to touch 4.5 million bales, registering an increase of nearly 8.5 per cent from last year. The overall cotton production is expected to reach 8.46 million bales.A meeting of the committee was held on September 1. Imam is the federal minister for national food security and research.Due to a strong attack of mealybug, whitefly and CLCuV, cotton production has been adversely affected, according to an official release.

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 73.02 against the dollar. At the same time, the rupee on Friday closed at Rs 73.03 with a strength of 4 paise against the dollar.Sensex opened at record high with a gain of 282 pointsToday the stock market opened with a record high. Today the BSE Sensex rose by about 282.12 points to open at a record level of 58412.07 points. On the other hand, the Nifty of NSE opened with a gain of 72.40 points at a record level of 17396.00 points.