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The rupee strengthened by 25 paise against the dollar to open at 95.14. The Indian rupee strengthened by 25 paise against the US dollar, opening at 95.14 on Monday, compared to its previous close of 95.39 on Friday.Domestic equity markets also opened higher on August 3. The Nifty 50 rose 146 points, or 0.60%, to open at 24,530, while the BSE Sensex gained 725 points, or 0.93%, to start the session at 78,820.READ MORE  :- The rupee higher by 01 paise to close at 95.38.

The rupee higher 01 paise to settle at 95.38 against the US dollar.On Friday, the Indian rupee opened at 95.39 against the US dollar and closed at 95.38, recording a jump of 01 paise during the trading session.At close, the Sensex was up 166.49 points or 0.21 percent at 78,094.64, and the Nifty was up 66.45 points or 0.27 percent at 24,383.60. About 2444 shares advanced, 1607 shares declined, and 185 shares unchanged.read more :- Maharashtra Receives ₹167.51 Crore Investment from 24 Firms Under Textile PLI Scheme

Maharashtra Attracts ₹167.51 Crore Investment from 24 Companies Under Textile PLI SchemeAccording to the Ministry of Textiles, investments worth ₹167.51 crore (approximately ₹17.49 million) have been received in Maharashtra from 24 approved companies by March 31 under the Production Linked Incentive (PLI) scheme for textiles—an initiative launched to boost the production of MMF (Man-Made Fiber) garments, MMF fabrics, and technical textiles.Nationwide, 170 companies have been approved under this scheme, with 24 of them based in Maharashtra.The Ministry stated that it continuously monitors the scheme's implementation through periodic reviews, weekly open-house sessions, monthly workshops, and outreach programs to address challenges and enhance stakeholder participation.The Ministry also noted that investor interest has increased following modifications made to the scheme in October 2025. These changes include the inclusion of 17 new HSN codes under the MMF garment and fabric categories, a 50% reduction in the minimum investment threshold, relaxation of the requirement to form a new company to avail benefits, and a reduction in the incremental turnover requirement for incentives from 25% to 10%.READ MORE :-  Andhra Pradesh Cotton Sowing Rises 13%; Kurnool Tops as Planting Outpaces Normal

Cotton Sowing in Andhra Pradesh Up by 13%; Progress Faster Than Normal; Kurnool Leads the WayCotton sowing in Andhra Pradesh during the Kharif 2026 season has recorded a significant increase compared to the previous year. According to the latest data from the State Agriculture Department, cotton has been sown across 3,36,354 hectares in the state as of July 29, 2026, whereas the figure stood at 2,97,848 hectares during the same period last year. Thus, an additional 38,506 hectares (approximately 13%) have been brought under cotton cultivation this year.So far, 65% of the normal seasonal area has been sown, compared to 56% last year. Meanwhile, sowing progress relative to the normal schedule stands at 125%, a marked improvement over the 101% recorded last year. This clearly indicates that sowing has proceeded at a faster-than-normal pace in most regions this year.In terms of district-wise data, Kurnool led the state with 2,19,767 hectares of cotton sowing. It was followed by Palnadu (34,489 hectares), NTR (21,671 hectares), Ananthapuramu (20,915 hectares), and YSR Kadapa (6,105 hectares). Conversely, sowing lagged behind the normal pace in districts such as Prakasam, Bapatla, Kakinada, Guntur, and Sri Sathya Sai.Agricultural experts believe that this increase in sowing area could lay the foundation for better cotton production in the upcoming season. However, final output will depend on weather conditions during August and September, rainfall distribution, and the overall health of the crop.Potential Market Impact:The increase in sowing is a positive sign for farmers. If weather conditions remain favorable, cotton availability in the coming season is likely to improve. This raises the prospect of better supplies of the new crop for ginners, traders, and spinning mills. For now, market attention will remain focused on weather patterns and crop development.READ MORE :- Monsoon Boosts Kharif Sowing in Telangana & Maharashtra; Cotton Sowing Nears Completion

Monsoon Accelerates Kharif Sowing in Telangana and Maharashtra; Cotton Sowing Nears CompletionNew Delhi: Recent monsoon rains have given fresh momentum to Kharif season sowing in Telangana and Maharashtra. Continuous rainfall following a prolonged dry spell has boosted soil moisture and filled reservoirs and farm ponds, prompting farmers to accelerate sowing and paddy transplantation activities. Significant progress in Kharif crop cultivation has been observed in both states, with cotton sowing nearing its final stage.In Telangana, following more than 48 hours of continuous drizzle, Kharif crop sowing and paddy transplantation have been completed across 82.65 lakh acres so far. This figure exceeds the 82.15 lakh acres recorded during the same period last year. According to agricultural officials, recent rains have ensured adequate soil moisture, and improved irrigation water availability has accelerated paddy transplantation. The state's rainfall deficit, which stood at 30 percent a week ago, has now narrowed to 19 percent.Regarding crop-wise progress, paddy transplantation has been completed on 25.46 lakh acres, representing approximately 31 percent of the 65.97 lakh-acre target. Cotton sowing has reached 46.33 lakh acres against a target of 47.41 lakh acres, meaning nearly 98 percent of the target has been achieved. Additionally, sowing has been completed for maize (4.69 lakh acres), *arhar* (red gram) (4.42 lakh acres), and soybean (3.66 lakh acres).Kharif sowing has also picked up pace in Maharashtra due to good monsoon rains over the past two weeks. According to the state's Agriculture Department, as of July 30, sowing has been completed on approximately 1.23 crore hectares out of the state's average Kharif acreage of 1.44 crore hectares (excluding sugarcane), marking the achievement of 86 percent of the total target. Sowing across an additional area of approximately 2.3 million hectares was recorded between July 16 and July 30.According to crop-wise data, soybean sowing in Maharashtra has covered 4.72 million hectares and cotton sowing 3.73 million hectares, representing about 88 percent of the estimated target. Meanwhile, paddy transplantation has been completed across 0.78 million hectares. The state recorded 466.8 mm of rainfall between June 1 and July 27, which is 94.15 percent of the normal rainfall.Agricultural experts state that recent rainfall has improved the condition of Kharif crops in both states. If the monsoon remains normal in the coming weeks, the growth of cotton, paddy, soybean, and other Kharif crops will improve, further strengthening production prospects for the year.READ MORE :- India’s Textile & Apparel Exports Cross ₹3.25 Lakh Crore in FY26, Government Expands Export Support

India's Textile and Apparel Exports (Including Handicrafts) Cross ₹3.25 Lakh Crore in 2025-26New Delhi. India's exports of textiles and apparel (including handicrafts) stood at ₹3,25,339 crore in the 2025-26 fiscal year, marking a 1.8 percent increase compared to the ₹3,19,573.2 crore recorded in 2024-25. During this period, growth was registered in exports to over 100 countries. The government states that this growth signals the Indian textile sector's rising global competitiveness and export potential.The government has implemented several schemes to enhance the global competitiveness of the textile and apparel sector. These include the PM Mega Integrated Textile Region and Apparel (PM MITRA) Park scheme, the Production Linked Incentive (PLI) scheme, the National Technical Textiles Mission, the SAMARTH scheme, and measures such as market access support and interest subsidies under the Export Promotion Mission.In recent months, the government has also launched several new initiatives. These include extending the 'Remission of Duties and Taxes on Exported Products' (RoDTEP) scheme until September 30, 2026; providing temporary customs duty relief on key raw materials for the cotton and man-made fiber (MMF) value chains; rationalizing GST rates to address the inverted duty structure in the MMF sector; and launching the 'Resilience and Logistics Intervention for Export Facilitation' (RELIEF) initiative to assist exporters affected by geopolitical conditions in West Asia.The tenure of the RoSCTL scheme, operational since March 2019, has also been extended until September 30, 2026, ensuring that exporters of garments and made-ups continue to benefit from the reimbursement of state and central taxes and levies. Additionally, the government has adopted an export promotion strategy focused on 40 priority countries. Currently, India has 16 Free Trade Agreements (FTAs) in force, while recent trade agreements with the European Union and New Zealand are also expected to open up opportunities for the Indian textile industry in new markets.The Ministry of Textiles has established six Textile Export Facilitation Centres (TEFCs) and launched the 'India Immersive Experience Program' through NIFT. In the year 2025-26, textile and handicraft products were exported from over 500 districts across the country. The government states that these initiatives have fostered diversification in export markets, strengthened supply chains, improved market access via e-commerce, and boosted competitiveness, particularly for MSMEs.READ MORE :- Rupee Rises 29 Paise to Open at 95.39 Against Dollar.

The rupee opened higher at 95.39/$.On Friday, the Indian rupee opened 29 paise higher at 95.39 against the dollar, whereas it had closed at 95.68 on Thursday.The Sensex was up 59.26 points or 0.08 percent at 77,987.41, and the Nifty was up 34.35 points or 0.14 percent at 24,351.50. About 1294 shares advanced, 889 shares declined, and 157 shares unchanged.READ MORE :- The rupee fell by 10 paise to close at 95.68.

The rupee slipped 10 paise to settle at 95.68 against the US dollar.On Thursday, the Indian rupee opened at 95.58 against the US dollar and closed at 95.68, recording a decline of 10 paise during the trading session.At close, the Sensex was up 273.55 points or 0.35 percent at 77,928.15, and the Nifty was up 66.95 points or 0.28 percent at 24,317.15. About 1620 shares advanced, 2408 shares declined, and 188 shares unchanged.read more :- Scanty Rainfall Puts Cotton and Soybean Crops Under Stress in Maharashtra's Paranda

Maharashtra: Cotton and soybean crops in crisis due to scanty rainfall in Paranda.Paranda, Maharashtra: Cotton and soybean farmers in Paranda taluka are facing increasing concerns due to insufficient rainfall during the critical Kharif season. The low water availability in the Sina-Kolegaon project has increased dependence on monsoon rains, creating uncertainty over crop development and production.Farmers who sowed cotton and soybean crops at the beginning of the season are now reporting slow growth due to moisture stress. In several areas, soybean crops have started turning yellow, while cotton crops are also showing signs of stress because of inadequate rainfall.If substantial rainfall does not occur in the coming days, farmers fear a decline in cotton and soybean yields. Many growers have already invested heavily in seeds, fertilizers, and pesticides, and a weak crop season could increase financial pressure.The limited water storage in the Sina-Kolegaon project has further increased concerns, as irrigation availability remains restricted. Cotton and soybean cultivation in the region is now largely dependent on timely monsoon rainfall.Market participants are closely monitoring the situation, as any reduction in cotton and soybean production could affect supply and influence prices. The next few weeks of rainfall activity will be crucial for crop recovery and the final Kharif output outlook.READ MORE :- US Cotton Crisis Deepens as Brazil Overtakes Export Market

US Cotton Crisis Deepens as Brazil Captures Export CustomersThe financial crisis facing US cotton extends beyond merely weak agricultural prices; Brazil is attracting export customers who may never return. Bob Antoshak, Managing Partner at Gherzi USA, notes that the industry's long-term viability is threatened by projected producer losses and declining demand.According to American Farm Bureau estimates, cotton production could incur losses of $342 per acre in 2026 and $406 per acre in 2027, potentially totaling around $3.8 billion. Six consecutive years of negative returns will strain farmers' working capital and likely increase reliance on operating loans.The greatest threat lies in the reliance on exports. USDA projections indicate the US will export 12.3 million bales of cotton, while domestic mill consumption is expected to remain at just 1.6 million bales. Conversely, Brazil is poised to export approximately 15 million bales, driven by increased production, superior traceability, quality testing, financing options, and strong relationships with mills.Global cotton demand remains sluggish due to polyester's growing market share and low profit margins at foreign spinning mills. Once mills accept the quality of Brazilian cotton and adjust their production processes accordingly, temporary trade agreements alone will not suffice to win back US business.While emergency payments may offer some relief to farmers and the agricultural sector, they will not recover lost customers. The industry must focus on export incentives, buyer financing, quality consistency, traceability, and strengthening textile production capacity within the Western Hemisphere.READ MORE :- Telangana Kharif Sowing Nears Completion; Cotton Covers 46.34 Lakh Acres

Telangana Kharif Sowing Update | July 29, 2026Cotton: Cotton sowing has reached 46.34 lakh acres, representing 97.72% of the normal sown area. It has thus emerged as one of Telangana's key Kharif crops this season.Oilseeds: Total oilseed sowing has covered 37.18 lakh acres, which is 83.07% of the normal area. Soybean remains the primary oilseed crop; it has been sown across 36.65 lakh acres, accounting for 87.97% of its normal coverage.Weather Update: The India Meteorological Department (IMD) has forecast light to moderate rainfall and isolated thunderstorms in parts of Telangana over the next few days. This rainfall is expected to aid the remaining Kharif sowing operations and boost soil moisture levels. Additionally, farmers are advised to ensure proper drainage arrangements in low-lying fields to prevent issues related to waterlogging.READ MORE :- US Senate Advances Russia Sanctions Bill; India May Face 100% Tariffs