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The rupee opened at 95.02/USD, a decline of 17 paise.On Thursday, the Indian rupee opened at 95.02 against the dollar a decline of 17 paise whereas it had closed at 94.85 on Wednesday.Read more:- The Rupee fell by 11 paise to close at 94.85 per dollar.

On Wednesday, the Indian Rupee fell by 11 paise to close at 94.85 per dollar, while it had opened at 94.74 in the morning.At close, the Sensex was up 609.45 points or 0.79 percent at 77,496.36, and the Nifty was up 181.95 points or 0.76 percent at 24,177.65. About 2010 shares advanced, 2047 shares declined, and 157 shares unchanged.read more :- Consideration of Cotton Import Duty Cut: Relief for the Textile Industry

Relief to textile industry: Consideration of reduction in cotton import dutyNew Delhi: The central government is considering measures to provide relief to the domestic textile industry amid supply chain disruptions and rising raw material prices arising from the ongoing conflict in West Asia. In this sequence, a proposal to reduce or completely abolish customs duty on import of raw cotton is under discussion.India's textile industry is mainly dependent on domestic cotton, but imports from the US, Egypt, Australia and to some extent Brazil to meet the need of long staple cotton. According to Bipin Menon, Trade Advisor to the Textiles Ministry, discussions are ongoing with the Agriculture Ministry and the Revenue Department on this issue.The ministry also proposes to remove 2.5% import duty on rayon-grade wood pulp used in the production of viscose staple fiber (VSF) and filament yarn. This pulp is highly purified cellulose obtained from wood, which is an important raw material in the manufacture of man-made fibres. However, Menon clarified that the challenges faced in its supply are not directly related to the conflict in West Asia, so a decision on this can be taken later.Currently, 5% customs duty is applicable on raw cotton, which was temporarily removed between August to December 2025. The government is now considering giving relief again in view of the current situation of the industry.Due to weakness in global demand, India's readymade garment exports are likely to decline to $15.77 billion in fiscal year 2026. In such a situation, experts believe that reduction in duty will reduce the cost of raw materials, improve dividends and increase export competitiveness.The move could prove crucial for the textile sector, which contributes 8–10% of the country's total exports, especially as the government aims to take exports to $100 billion by 2030.read more :- Cotton Duty Cut Dispute: Concerns Over Farmers' Interests

Trade Divided Over Cotton Duty Cut; Risks Identified for Farmers: CCIDifferences regarding a reduction in cotton import duties appear to be deepening. While millers and the textile industry are demanding a duty cut in light of rising domestic prices, a section of the trading community has termed this a risky move for farmers.Currently, an import duty of approximately 11% is applicable on cotton in India, effective since January 1, 2026. Although the government and the industry are considering a reduction in this duty due to a sharp surge in prices, many traders remain opposed to the idea. They believe that lowering the duty at this juncture could adversely affect the interests of farmers.According to traders, many farmers are currently withholding their produce in the hope of securing better prices—a stock estimated to amount to approximately 4 million bales (one bale = 170 kilograms). Under these circumstances, if imports become cheaper, it would exert downward pressure on prices in the domestic market, potentially causing financial losses for farmers.A senior trader warned that on the previous occasion when import duties were reduced, nearly 3 million bales of cotton were imported within a span of just three months. Consequently, domestic demand began to be met through imports, forcing farmers to sell their crops below the Minimum Support Price (MSP).Experts believe that if the duty is reduced under the current circumstances as well, a similar situation could recur—particularly for those farmers who have held back their produce in anticipation of better prices.read more :- The rupee opened at 94.74 down 20 paise.

The rupee opened at 94.74/USD a decline of 20 paise.On Wednesday, the Indian rupee opened at 94.74 against the dollar a decline of 20 paise whereas it had closed at 94.54 on Tuesday.Read more:- The rupee slipped 17 paise to end at 94.54 per dollar.

The Indian rupee weakened by 17 paise to close at 94.54 per US dollar on Tuesday, compared with its opening level of 94.37 in the morning.At close, the Sensex was down 416.72 points or 0.54 percent at 76,886.91, and the Nifty was down 97 points or 0.40 percent at 23,995.70. About 1923 shares advanced, 2157 shares declined, and 157 shares unchanged.read more :- New Opportunities for Development and Investment in the Textile Industry at VGRC Surat

New opportunities for development and investment of textile industry in VGRC SuratAccording to the Gujarat government, the 'Vibrant Gujarat Regional Conference (VGRC)' to be organized at Auro University in Surat on May 1 and 2 will give a new direction to the industrial development of South Gujarat. The conference specifically focuses on increasing investment in the textile industry, connecting global buyers and local manufacturers and promoting exchange of new technologies and innovations.Located on the banks of the Tapi River, Surat has historically been a major trading centre. It was famous for silk trade in the 16th century and today it is known as the world's leading 'Silk City' and India's largest man-made fiber (MMF) hub. According to the state government, Surat produces about 90% of India's artificial silk and has a 65% share in the country's MMF sector.The industry contributes significantly to the state's economy with an annual turnover of approximately ₹1.5 lakh crore and 18–20 lakh employment opportunities. Crores of meters of cloth are produced every day in Surat and are exported from here all over the world.VGRC is expected to increase FDI, strengthen technical cooperation and further empower Surat as a global textile hub.read more :- CCI Hikes Cotton Prices by ₹600–₹1,000; Auction Sales Cross 3.92 Lakh Bales

CCI Hikes Cotton Prices by ₹600- ₹1000 per Candy; Weekly Auction Sales Cross 3.92 Lakh BalesThe Cotton Corporation of India (CCI) raised its cotton prices by ₹600- ₹1000 per candy during previous week from April 20 to April 24, 2026, the auctions witnessed participation from mills and cotton traders, resulting in robust weekly sales of about 3,92,700 bales from the 2025–26 season.Day-wise Auction HighlightsApril 20, (Monday):The week began on a strong note, recording the highest single-day sale of 1,49,100 bales. Traders dominated purchases with 93,200 bales, while mills bought 55,900 bales.April 21, (Wednesday):Sales moderated to 91,000 bales. Mills purchased 35,300 bales, while traders accounted for 55,700 bales.April 22, (Thursday):Auction activity picked up again, with the sales of 1,08,100 bales. Mills purchased 27,000 bales, and traders bought 81,100 bales.April 23, (Thursday):A total of 23,400 bales were reported sold during the day. Mills purchased 14,600 bales while traders bought 8,800 bales.April 24, (Friday):The week concluded with sales of 21,100 bales. Mills purchased 10,100 bales, while traders bought 11,000 bales.Cumulative Sales Update:2025–26 Season: 57,59,000 bales

33% subsidy issued on BT and desi cotton seeds in Punjab, big support to farmersBATHINDA: The Punjab government has decided to continue 33% subsidy on certified Bt cotton hybrids and indigenous cotton seed varieties recommended by Punjab Agricultural University (PAU), Ludhiana. The scheme was launched in 2025 and focuses on encouraging farmers to adopt better quality seeds.The government will bear about one-third of the seed cost for farmers choosing any one of the 87 approved Bt cotton hybrids and four indigenous varieties—LD1019, LD949, FDK124 and PBD88. After eligibility verification, this subsidy will be transferred directly to the bank accounts of the farmers.A significant increase was recorded in the area of cotton in the last Kharif season. While this area was 1 lakh hectare in 2024, it increased by 19% to 1.19 lakh hectare in 2025. For the upcoming season, the government has set a target of cotton cultivation in 1.25 lakh hectares.The online application portal to avail subsidy has started from April 20. The time till May 15 is considered suitable for sowing cotton.State agriculture minister Gurmeet Singh Khudian said the combination of PAU-approved BT hybrids and indigenous cotton varieties would help the state revive its traditional cotton belt. He has directed the officials to run a massive awareness campaign and ensure easy access to the digital platform to every eligible farmer, so that no farmer is left out of the scheme due to information or technical barriers.He has also appealed to the farmers to apply on the portal in time and take maximum benefit of this scheme.read more :- The rupee opened at 94.37 down 18 paise.

The rupee opened at 94.37/USD a decline of 18 paise.On Tuesday, the Indian rupee opened at 94.37 against the dollar a decline of 18 paise whereas it had closed at 94.19 on Monday.Read more:- India-New Zealand FTA to boost textile exports

India-New Zealand FTA will give a boost to textile exports, the target of $350 billion by 2030 will gain momentumAccording to the Confederation of Indian Textile Industries (CITI), the proposed Free Trade Agreement (FTA) between India and New Zealand can give a new impetus to Indian textile exports and strengthen the target of growing the sector to US$ 350 billion by 2030.CITI believes that this FTA will help Indian exporters reduce dependence on select markets and move up the value chain. Under the agreement, Indian textiles are likely to get duty-free access to the New Zealand market, which will increase competitiveness.Citing data from New Zealand's Ministry of Foreign Affairs and Trade, CITI said "made-up textile articles" were the fourth largest category of imports from India into New Zealand in the year ending December 2025. During this period, the import of Indian textile products was approximately 80.22 million New Zealand dollars.CITI Chairman Ashwin Chandran said that this FTA has brought positive opportunities for Indian exporters amid the ongoing geopolitical tensions in West Asia. According to him, New Zealand, being a high-income and quality-sensitive market, can strengthen global recognition of the quality and pricing of Indian products.CITI also highlighted that sectors such as sustainable textiles, home textiles and technical textiles have particular growth potential in New Zealand. Also, New Zealand's position as a major exporter of high quality wool can help Indian companies in providing better raw materials and manufacturing high quality garments.India's textile and apparel sector is the country's second largest employer and contributes significantly to GDP and exports. The industry aims to reach a total size of $350 billion by 2030, of which $100 billion is targeted to be achieved through exports.read more :- The rupee closed 06 paisa higher against the dollar at 94.19