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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 Cracks Down on Undeclared Chinese Fabric Imports, ₹200 Cr Seizure at MundraIndia has stepped up its action against the unchecked import of Chinese fabrics, especially synthetic knitted textiles, following sustained concerns raised by the domestic textile industry.Despite the government imposing a Minimum Import Price (MIP) on select HSN codes to control rising imports, shipments have continued to enter the country through alternative non-MIP classifications, reducing the effectiveness of the measure.In a major operation, the Directorate of Revenue Intelligence (DRI) seized around 100 containers of Chinese fabric at Mundra Port, with an estimated value of ₹200 crore. The goods were allegedly misdeclared as low-cost fabric, while actually containing high-quality textiles—indicating an attempt to evade customs duties.Initial investigations suggest that the real value of the seized consignment could be significantly higher than the declared ₹25 crore. Similar suspicious consignments have also been intercepted at Jawaharlal Nehru Port, pointing to a wider pattern of misdeclaration and tax evasion.Following the seizure, DRI has launched a nationwide probe to track the import network and identify those involved. Authorities are also tracing the distribution channels of these goods across the country and examining whether similar practices are ongoing at other ports.The crackdown has highlighted serious loopholes in import regulations, increasing pressure on policymakers to tighten enforcement. With the domestic textile sector demanding stronger safeguards, the effectiveness of these measures in curbing unfair trade practices will be closely watched in the coming months.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 Farmer Sets Record Cotton Yield Using HDPS TechnologyNagpur: A farmer from Hinganghat in Wardha district, Dilip Pohane, has achieved a record cotton yield of 24 quintals of raw cotton per acre using the High Density Planting System (HDPS).The central government is actively promoting HDPS to boost cotton productivity and align output with global standards. The system involves close spacing of plants, allowing higher plant density per unit area and improved productivity.At present, countries like the United States produce over 2,000 kg of lint cotton per hectare, while India’s average remains below 400 kg per hectare. HDPS is being introduced as a solution to bridge this productivity gap.The method has already been adopted by around 1,500 farmers in Akola, while farmers in Wardha and Nagpur are increasingly shifting to this system. Over 550 cotton growers from Nagpur and Wardha districts participated in the pilot project during 2023–24, recording up to a threefold increase in yields.Following strong farmer participation, the central government is planning to expand HDPS cultivation to 50,000 hectares in Akola alone. The initiative is being implemented by CITI-CIDRA in collaboration with ICAR–Central Cotton Research Institute.Under the pilot project, the textiles ministry provided support including a subsidy of ₹16,000 per hectare on seeds, along with assistance for machine sowing in 3x1 row patterns.Experts noted that while traditional cotton farming typically yields 6–7 quintals per acre, HDPS has already raised average yields to 12–15 quintals, with this new record of 24 quintals marking a significant breakthrough.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