In relation to the US dollar, the Indian rupee opens 4 paise weaker at 86.57.The rupee fell 4 paise to close at 86.57 against the US dollar in early trade on Wednesday on sustained foreign fund outflows, falling dollar demand from oil importers and weak risk sentiment.At the interbank foreign exchange, the rupee opened at 86.57 and later fell further to 86.61 against the American currency, marking a decline of 4 paise from its previous close.read more :- Indian rupee ended 20 paise lower at 86.53 per dollar on Tuesday versus Monday's close of 86.33.
The Indian rupee closed Tuesday at 86.53 per dollar, 20 paise less than Monday's close of 86.33.At close, the Sensex was up 535.24 points or 0.71 percent at 75,901.41, and the Nifty was up 128.1 points or 0.56 percent at 22,957.25. About 1116 shares advanced, 2429 shares declined, and 84 shares unchanged.read more :- Cotton dropped as CAI has revised upwards its crop projections by 2 lakh bales
Cotton fell as CAI increased its harvest forecasts by two lakh bales.Cotton candy prices fell 0.83% to ₹52,850 as the Cotton Association of India (CAI) raised crop estimates for the 2024-25 season. Estimated cotton production rose by 2 lakh bales to 304.25 lakh bales due to higher production in Telangana, where estimates rose by 6 lakh bales. However, production in North India is expected to fall by 3.5 lakh bales, down 43% from last year, due to lower arrivals of cotton. The WASDE report has also put pressure on prices, which estimated global cotton production for 2024-25 at 117.4 million bales, an increase of 1.2 million bales each due to higher production in India and Argentina. Despite pressure from higher supply estimates, the downside momentum was limited due to strong demand from the apparel industry, which has pushed up cotton yarn prices in South India. Exports are also expected to increase, which will support the demand. As of December, total supply stood at 176.04 lakh bales, including imports of 12 lakh bales and opening stocks of 30.19 lakh bales. Consumption during this period was 84 lakh bales, while exports are estimated at 7 lakh bales. December ending stocks are estimated at 85.04 lakh bales.Long liquidation is going on in the market, with open interest declining by 29.07% to 122 contracts. Cotton candy prices are finding support at ₹52,480, below this level, it is likely to touch ₹52,110. Resistance is seen at ₹53,450, and a move above this is likely to touch ₹54,050 levels.read more :- The rupee opened 17 paise down on January 28 following a surge in the dollar index.
On January 28, the rupee opened 17 paise lower after the dollar index surged.The local currency opened at 86.50 against the dollar but slipped to 86.55. It ended at 86.33 against the dollar in the previous session.The rupee depreciated 11 paise to close at 86.33 (provisional) against the US dollar on Monday, as strong dollar demand and a muted trend in domestic equities weighed on investors' sentiments.read more :- Indian rupee ended 13 paise lower at 86.33 per dollar on Monday versus Friday's close of 86.20.
Monday's closing price of the Indian rupee was 86.33 per dollar, 13 paise less than Friday's finish of 86.20.At close, the Sensex was down 824.29 points or 1.08 percent at 75,366.17, and the Nifty was down 263.05 points or 1.14 percent at 22,829.15. About 541 shares advanced, 3399 shares declined, and 115 shares unchanged.read more :- India cracks down on misdeclared Chinese fabric imports
India takes action against Chinese fabric imports that are not reported. India has intensified efforts to curb the unchecked import of Chinese fabrics, particularly synthetic knitted fabric, following persistent demands from the domestic textile industry. Despite the government’s imposition of a Minimum Import Price (MIP) on 13 HSN codes to control the surge in imports, the measure has proven ineffective as imports have continued to rise under non-MIP codes.In a significant crackdown, the Directorate of Revenue Intelligence (DRI) recently seized 100 containers of Chinese fabric at Mundra Port, estimating their total value at ₹200 crore. The containers, which were falsely declared as carrying low-cost fabric, were found to contain high-quality textiles—an apparent attempt to evade import duties. The operation was launched after authorities received intelligence regarding the large-scale misdeclaration of imported goods.Preliminary investigations suggest that the actual value of the seized fabric far exceeds the declared ₹25 crore. Similar shipments have also been intercepted at other major ports, including Mumbai’s Nhava Sheva Port (Jawaharlal Nehru Port), raising concerns over the scale of the fraudulent operation.Following the seizure, the DRI has initiated a nationwide investigation to identify those responsible for the illegal imports and to trace the goods to their final destinations across India. Authorities are also working to expose the network of importers involved and to determine whether similar fraudulent practices are taking place at other ports.With the DRI’s crackdown uncovering large-scale tax evasion and the textile industry pushing for policy reforms, the Indian government faces mounting pressure to address loopholes in import regulations. The coming months will be crucial in determining the effectiveness of these measures in protecting domestic manufacturers from unfair trade practices.read more :- The local currency opened 8 paise down at 86.36 against the US dollar, as against 86.28 against the greenback at the friday open.
In relation to the US dollar, the local currency opened 8 paise lower at 86.36, compared to 86.28 at the start of Friday.The Indian rupee opened 8 paise lower on January 27 due to the dollar index surging as US Federal Reserve policy is in focus. The local currency opened 8 paise lower at 86.36 against the US dollar, as against 86.28 against the greenback at the previous close.read more :- The Indian rupee increase 25 paise to close at 86.21 per dollar on Friday, as against 86.46 on thursday.
On Friday, the Indian rupee rose 25 paise to close at 86.21 to the US dollar, up from 86.46 on Thursday.The Sensex fell 329.92 points, or 0.43 percent, to 76,190.46, while the Nifty dropped 113.15 points, or 0.49 percent, to 23,092.20. Market breadth showed weakness, with 1,018 stocks advancing, 2,764 declining, and 115 remaining unchanged.read more :- Cotton production to reach 30.4 million bales, big relief for textile industry; Know the forecast of Cotton Association of India
The textile sector would be greatly relieved when cotton production reaches 30.4 million bales. Learn more about the Cotton Association of India's projection.Mumbai: The Cotton Association of India (CAI) has projected an increase in cotton production in the country. Increasing our previous estimate, we have estimated that the country will produce 304.25 lakh cotton bales (one bale = 170 kg cotton) by the end of October 2025 in the 2024-25 season.Cotton is produced in about eleven states of the country. Maharashtra is expected to produce the maximum of 9 million bales this year. After this, Gujarat is estimated to produce 80 lakh bales, Telangana 42 lakh bales, Karnataka 23 lakh bales, Madhya Pradesh 19 lakh bales and Andhra Pradesh 11 lakh bales. Meanwhile, 176.04 lakh cotton bales have been supplied till the end of December. Thus, 1.2 million bales have been imported.According to CAI estimates, 30.19 lakh bales of cotton from the previous season are left in the country. By the end of December, the textile industry had used a total of 8.4 million bales. Seven lakh bales have been exported. Taking into account cotton production, previous years' stocks and potential imports, CAI has estimated a total supply of 359.44 lakh bales in cotton season 2024-25 by the end of September 2025. Meanwhile, traders in the private market are paying Rs 6,500 to Rs 7,000 per quintal for cotton. Therefore, farmers are demanding the Cotton Corporation of India (CCI) to increase procurement at a guaranteed price of Rs 7500 per quintal. Accordingly, CCI has increased procurement. CCI is currently buying 60 to 65 per cent of the cotton coming to the market.read more :- Rupee rises 18 paise to 86.28 against US dollar in early trade
In early trading, the rupee climbs 18 paise to 86.28 against the US dollar.Rupee appreciated 18 paise to 86.28 against the US dollar in morning trade on Friday, supported by positive domestic equities and soft American currency index.At the interbank foreign exchange, the rupee opened at 86.31 and touched 86.28 against the US dollar, registering a rise of 18 paise from its previous close. The local unit also touched 86.33 against the US dollar initial trade.read more :- Indian rupee ended 13 paise lower at 86.46 per dollar on Thursday versus Wednesday's close of 86.33.
The Indian rupee closed at 86.46 per dollar on Thursday, 13 paise less than its closing price of 86.33 on Wednesday.Indian equity indices ended on a positive note with Nifty at 23,200 on January 23.At close, the Sensex was up 115.39 points or 0.15 percent at 76,520.38, and the Nifty was up 50 points or 0.22 percent at 23,205.35. About 2017 shares advanced, 1780 shares declined, and 104 shares unchanged.Read More :- Tamil Nadu: Unseasonal rains hit cotton cultivation in Perambalur district
Tamil Nadu: Perambalur district's cotton cultivation is impacted by unseasonable rainfallPerambalur: The recent unseasonal rains have affected cotton cultivation in several villages in the district, leaving farmers worried about low yields. They have urged the government to provide immediate compensation to make up for the losses. Official sources say cotton was cultivated on over 5,000 hectares of land in the district this season.However, unseasonal rains this crop season have led to cotton seeds rotting and many flowers and branches falling. Also, farmers say the ripe seeds have got wet due to the rains. Wetting of ripe seeds affects their quality, making it difficult for farmers to sell them at good prices.Sources said the minimum support price (MSP) of the crop is Rs 7,521 per quintal, while the market price is around Rs 5,500 per quintal. Farmers have submitted petitions to the district collectorate and the agriculture department seeking compensation.K Ulaganathan of Vayalur said, "I had sown cotton in 4 acres, spending Rs 40,000 per acre. When it was harvested 10 days ago, all the flowers on the plants had fallen and the ripe seeds had also rotted due to unexpected rains. Usually I harvest 10 quintals per acre.But this time, it is difficult to get even 2 quintals from an acre. I fear I will not be able to recover my investment." D Durai, another farmer from Kurumbapalayam, said, "I had sown cotton in 3 acres, but the unexpected rains ruined everything. For the last two years, we were getting good prices for cotton. However, this season the prices have fallen. We need assistance from the government to deal with the crisis.""Drying the wet ripe seeds does not help us get the right price, rather we have to work twice as hard. Also, there is no direct purchase centre here to sell the cotton," he said. S Babu, Joint Director of Agriculture Department in Perambalur, was not available for comment. Meanwhile, another official of the Agriculture Department in Perambalur said, "We are aware of the damage. We will inspect and take action."read more :- Maharashtra: Wardha farmer harvests 24 quintals of cotton per acre through HDPS
Maharashtra: Using HDPS, a Wardha farmer harvests 24 quintals of cotton per acre.Nagpur: Dilip Pohane, a farmer from Hinganghat in Wardha district, harvested a record-breaking crop of 24 quintals of raw cotton per acre in his fields using the High Density Planting System (HDPS). The central government is pushing for the adoption of HDPS to increase cotton production in line with international standards.Currently, countries like the US produce more than 2,000 kg of lint per hectare, while India's ratio is less than 400 kg per hectare. The close-spacing method of growing more crops in less space has already been adopted by 1,500 farmers in Akola and farmers in Wardha and Nagpur are also adopting it. More than 550 cotton farmers from Nagpur and Wardha districts participated in the project and recorded a three-fold increase in the production of the cash crop in 2023-24.After huge support from more farmers, the central government is planning to bring 50,000 hectares under HDPS in Akola alone. Pohane was felicitated by CITI-CIDRA during a review of the HDPS project in the city on Wednesday. CITI-CIDRA (Confederation of Indian Textile Industry-Cotton Development and Research Association) is the implementing agency through ICAR-Central Cotton Research Institute. The textiles ministry implemented a pilot project for HDPS through CITI-CIDRA, giving a subsidy of Rs 16,000 per hectare on seeds besides assistance in sowing using machines in 3x1 rows. So far, farmers were getting an average of 12-15 quintals of cotton under the pilot. Cotton experts said 24 quintals broke the record. Farmers get about 6-7 quintals of cotton when they use traditional planting methods.read more :- Rupee declines 7 paise to 86.40 against US dollar in early trade
In early trading, the rupee drops 7 paise to 86.40 against the US dollar.The local currency opened at 86.40 against the US dollar, then traded at 86.41 against the US dollar at 9:40 AM, as compared to 86.33 at close against the greenback.read more :- Indian rupee ended 25 paise higher at 86.33 per dollar on Wednesday versus Tuesday's close of 86.58.
The Indian rupee closed at 86.33 per dollar on Wednesday, 25 paise higher than its finish of 86.58 on Tuesday.At close, the Sensex was up 566.63 points or 0.75 percent at 76,404.99, and the Nifty was up 130.70 points or 0.57 percent at 23,155.35. About 1110 shares advanced, 2677 shares declined, and 107 shares unchanged.read more :- India Budget 2025: Textile budget may rise 15 per cent to $578 mn
India's 2025 budget for textiles could increase by 15% to $578 million. India may increase the budget allocation by 15 per cent for the Ministry of Textiles for the next financial year 2025-26 in the upcoming Union Budget. Union Finance Minister Nirmala Sitharaman will present the Union Budget on February 1 for the next fiscal year. There are expectations that budget allocations for the Ministry will exceed ₹5,000 crore ($578 million) for the next fiscal year.A close analysis of previous years’ budgets reveals patchy allocations and utilisation of funds. The government allocated ₹4,417 crore ($510 million) for the current fianancial year 2024-25, which was a 28 per cent higher allocation compared to the revised budget of ₹3,443 crore ($397 million) for the fiscal year 2023-24. The budget allocation was quite higher at ₹4,389 crore ($507 million) for fiscal year 2023-24. However, the ministry could utilise only ₹3,443 crore ($397 million) during the fiscal year. This reveals that the budget allocation for fiscal year 2024-25 was just 0.63 per cent higher than the budget allocation for fiscal year 2023-24.Interestingly, the budget allocation for fiscal year 2023-24 was 32.6 per cent higher than the actual budget of ₹3,309 crore ($382 million) in fiscal year 2022-23. The India budget portal has not released the revised/actual budget for the current fiscal year 2024-25, which may be lower than the budget allocation. The ministry’s revised/actual budget remained very low at ₹3,309 crore ($382 million) in 2022-23 and ₹3,443 crore ($397 million) in 2023-24.The finance minister is likely to increase the budget allocation by 33 per cent for the Production Linked Incentive (PLI) scheme for textiles, with its allocation expected to rise from ₹45 crore ($5.20 million) to ₹60 crore ($6.93 million). The PLI scheme for textiles was launched in 2021 to promote the production of man-made fibre (MMF) apparel, MMF fabrics, and technical textile products. It was aimed at helping the textiles industry scale up and compete globally.According to an official, the government has ambitious targets for the textiles sector and is exploring measures to encourage domestic manufacturing. The finance minister may announce other initiatives for the textile industry.read more :- Cotton prices stable: Farmers are getting loss-making prices
| title | Created At | Action |
|---|---|---|
| Indian Rupee opens 4 paise lower at 86.57 against US Dollar | 29-01-2025 17:43:38 | view |
| Indian rupee ended 20 paise lower at 86.53 per dollar on Tuesday versus Monday's close of 86.33. | 28-01-2025 22:48:42 | view |
| Cotton dropped as CAI has revised upwards its crop projections by 2 lakh bales | 28-01-2025 18:14:20 | view |
| The rupee opened 17 paise down on January 28 following a surge in the dollar index. | 28-01-2025 17:36:30 | view |
| Indian rupee ended 13 paise lower at 86.33 per dollar on Monday versus Friday's close of 86.20. | 27-01-2025 22:52:04 | view |
| India cracks down on misdeclared Chinese fabric imports | 27-01-2025 22:17:45 | view |
| The local currency opened 8 paise down at 86.36 against the US dollar, as against 86.28 against the greenback at the friday open. | 27-01-2025 17:55:35 | view |
| The Indian rupee increase 25 paise to close at 86.21 per dollar on Friday, as against 86.46 on thursday. | 24-01-2025 22:59:47 | view |
| Cotton production to reach 30.4 million bales, big relief for textile industry; Know the forecast of Cotton Association of India | 24-01-2025 18:16:17 | view |
| Rupee rises 18 paise to 86.28 against US dollar in early trade | 24-01-2025 17:35:42 | view |
| Indian rupee ended 13 paise lower at 86.46 per dollar on Thursday versus Wednesday's close of 86.33. | 23-01-2025 22:50:56 | view |
| Tamil Nadu: Unseasonal rains hit cotton cultivation in Perambalur district | 23-01-2025 18:52:43 | view |
| Maharashtra: Wardha farmer harvests 24 quintals of cotton per acre through HDPS | 23-01-2025 18:28:22 | view |
| Rupee declines 7 paise to 86.40 against US dollar in early trade | 23-01-2025 17:55:29 | view |
| Indian rupee ended 25 paise higher at 86.33 per dollar on Wednesday versus Tuesday's close of 86.58. | 22-01-2025 22:53:29 | view |
| India Budget 2025: Textile budget may rise 15 per cent to $578 mn | 22-01-2025 21:04:08 | view |
