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The rupee had closed at 95.43 on Friday, whereas today it opened at 95.48 per dollar.Markets opened on a weak note on Monday, with the Nifty 50 slipping 66.85 points or 0.27 per cent to 24,299.15 and the Sensex falling 305.23 points or 0.39 per cent to 77,704.02, as elevated crude oil prices and Middle East tensions continued to dampen investor mood.Read More :- CCI Raises Cotton Prices, Sales Cross 1.84 Lakh Bales

CCI Raises Cotton Prices by ₹1,500-₹1,800 per Candy; Weekly Auction Sales Cross 1.84 Lakh BalesThe Cotton Corporation of India (CCI) increased its cotton selling prices by ₹1,500–₹1,800 per candy during the week ending August 14, 2026, reflecting strong buying interest from textile mills and cotton traders.During the week, CCI sold approximately 1,84,600 bales of cotton from the 2025–26 crop, with robust participation across auctions despite a gradual decline in volumes toward the end of the week.Day-Wise CCI Auction PerformanceAugust 10, 2026 (Monday)CCI opened the week on a strong note, recording the highest auction volume of the week with 80,700 bales sold. Textile mills purchased 40,800 bales, while traders lifted 39,900 bales.August 11, 2026 (Tuesday)Auction sales moderated to 54,300 bales. Mills purchased 24,300 bales, while traders bought 30,000 bales.August 12, 2026 (Wednesday)CCI sold 28,900 bales, with mills accounting for 14,000 bales and traders purchasing 14,900 bales.August 13, 2026 (Thursday)Auction sales remained at 28,900 bales. Mills purchased 15,600 bales, while traders lifted 13,300 bales.August 14, 2026 (Friday)The week's auctions concluded with sales of 3,400 bales, including 2,500 bales purchased by mills and 900 bales by traders.Following the latest auctions, CCI's cumulative cotton sales for the 2025–26 season reached approximately 92,21,400 bales, underlining sustained demand from the domestic textile industry and cotton trade despite the recent increase in CCI selling prices.

Focus on MMF Essential to Boost Textile Exports: NITI AayogAccording to a joint report by NITI Aayog and CRISIL Intelligence, India needs to place greater emphasis on man-made fiber (MMF)-based products to achieve its textile export target of US$100 billion by FY30. Additionally, there is a need for large-scale manufacturing, improved access to global markets, and increased investment in technology and innovation.The textile sector is one of India's key manufacturing sectors. It contributes approximately 2% to the country's GDP, 11% to manufacturing Gross Value Added (GVA), and nearly 9% to merchandise exports. It employs over 45 million people. In FY25, India exported textile products worth approximately US$37.7 billion, securing the sixth position globally with a 4.1% share of global textile and apparel exports.According to the report, the global textile market could reach **US$1.78–1.83 trillion** by 2027. Factors such as fast fashion, e-commerce, urbanization, and rising disposable income are expected to drive market growth. The growing demand for sustainable, wrinkle-resistant, quick-drying, and performance-based products is also likely to boost MMF consumption.NITI Aayog notes that India's cotton-centric strategy is becoming a challenge, as global demand is rapidly shifting towards synthetic fibers. Cotton yarn production fell from 3,962 million kg in FY20 to 3,438 million kg in FY23. In contrast, the production of man-made filament yarn and blended/non-cotton yarn rose to 3,650 million kg.Raw material costs and import dependency pose significant challenges for the MMF sector. India meets approximately 75% of the demand for PTA and about 65% of the demand for MEG through domestic production. The report suggests reducing the GST on PTA and MEG, as well as lowering or eliminating the 5% customs duty on MEG.PTA capacity is expected to increase by approximately 5.5 million tonnes annually over the next 2–3 years; this could boost domestic feedstock availability and enhance the competitiveness of the MMF sector.read more :-Rupee weakens by 07 paise against the dollar, closes at 95.43

The Indian rupee weakened by 07 paise against the US dollar on Friday, closing at 95.43 per dollar.The rupee opened at the 95.36 level. Amidst fluctuations during trading, the domestic currency closed at 95.43 per dollar, marking a decline of 07 paise.At close, the Sensex was down 70.71 points or 0.09 percent at 78,009.25, and the Nifty was down 29.85 points or 0.12 percent at 24,366. About 1855 shares advanced, 2244 shares declined, and 174 shares unchanged.read more :- China Demand Lifts Cotton Consumption

Demand from China Boosts Cotton Consumption in IndiaRising demand for Indian cotton yarn in China has strengthened cotton consumption within India. There is particularly strong demand in China for coarser yarn counts, such as 16s and 21s, which are primarily used in heavy home textiles and knitted fabrics.According to the latest USDA report on the global cotton market and trade, India's cotton yarn exports have risen by 8% so far in the current marketing year. In the first ten months, exports of Indian cotton yarn to China nearly tripled, and India's share of China's yarn imports surged from 7% to 21%. A weaker rupee and the competitive pricing of Indian yarn have also benefited exports.Sharad Khemka, Managing Director of Kolkata-based S.P. Yarns, noted that purchases of Indian yarn have increased due to higher prices for local yarn in China. While China continues to buy Indian yarn, the recent rise in domestic cotton prices poses a challenge for exporters. India faces competition from Vietnam in the Chinese market, whereas Pakistan's market share has declined compared to the past.Dheeraj Khetan of Hyderabad-based Shri Salasar Balaji Agrotech stated that exports of Indian cotton yarn to markets like China and Bangladesh have grown. Buyers in China are prioritizing yarn over raw cotton because Indian prices are competitive.According to the USDA, India's cotton consumption is projected to reach a record 26.5 million bales in 2026-27, up from 26 million bales in 2025-26. Demand has been bolstered by government measures, including import duty concessions and support for the textile industry.Globally, cotton consumption is also expected to rise by 1 million bales to 122.9 million bales—a six-year high—driven primarily by increased demand in China, India, Indonesia, and Vietnam.read more :- The rupee opened 8 paise higher against the dollar at 95.36.

On Friday, the Indian rupee opened 8 paise higher against the dollar at 95.36, whereas it had closed at 95.44 on Thursday.The Nifty 50 opened at 24,346, down 50 points or 0.20%, while the BSE Sensex opened at 77,828.65, down 251 points or 0.32%.Read More :-  Cotton Rally May Lose Momentum

Will the rally in cotton prices stall? Atul Ganatra outlines the market outlookIn a recent interview with CNBC Awaaz, Mr. Atul Ganatra (CMD, Radha Lakshmi Group) shared key insights regarding the potential direction of the cotton market. He noted that ICE Cotton Futures, which stood at 80–81 cents about ten days ago, have risen to 84–85 cents. During the same period, Indian cotton prices also increased from ₹65,000 to approximately ₹68,000 per candy.At current rates, the cost of cotton for spinning mills in South India—including delivery charges—works out to around ₹71,000 per candy. Based on this cost, the manufacturing expense for 30s count yarn comes to approximately ₹310–320 per kilogram, whereas mills in Gujarat are selling the same yarn for around ₹295 per kilogram. Consequently, mills purchasing cotton at these high prices could face a loss of ₹15–20 per kilogram.For this reason, the ongoing rally in cotton prices appears likely to pause. Furthermore, spinning mills are holding record levels of cotton stock this year, with an inventory sufficient for about 150 days. New buying by mills is also expected to remain limited at these elevated price levels.Mills reportedly held a stock of approximately 85 lakh bales as of July 31. Additionally, the CCI holds 25–26 lakh bales, while traders hold around 25 lakh bales. There is also a possibility of importing about 10 lakh bales. Considering the arrivals of both old and new cotton, stocks are expected to remain adequate by the end of the season.Ultimately, the direction of the Indian cotton market will depend largely on ICE Cotton Futures, and the domestic market is likely to track the movement of ICE Cotton.read more :- Rupee weakens by 08 paise against the dollar, closes at 95.44

The Indian rupee weakened by 08 paise against the US dollar on Thursday, closing at 95.44 per dollar.The rupee opened at the 95.36 level. Amidst fluctuations during trading, the domestic currency closed at 95.44 per dollar, marking a decline of 08 paise.At close, the Sensex rose 113.61 points, or 0.15%, to 78,079.96, while the Nifty fell 40.10 points, or 0.16%, to 24,395.85. Market breadth remained nearly balanced, with 2,088 shares advancing, 2,052 declining and 174 unchanged.read more :- Navarro Backs Trump-Modi Talks

Navarro’s Major Statement: Trump-Modi Talks Could Resolve Russian Oil Tariff Dispute*New Delhi:* Peter Navarro, the senior counselor for trade and manufacturing policy in the US, has stated that US President Donald Trump and Prime Minister Narendra Modi share a "very good working relationship." He expressed hope that the two leaders could resolve ongoing trade differences regarding India's Russian oil imports through dialogue.Responding to a question from ANI, Navarro also addressed the sharp reaction in India following an article he had previously written on India-Russia oil trade. He noted that he had penned the piece regarding India's increased purchase of Russian oil during the Russia-Ukraine war.According to Navarro, oil trade between India and Russia was not at current levels prior to the war, but India significantly increased its purchase of Russian crude oil after the conflict began. He also alleged that the trade in refined petroleum products linked to Russia bolstered Russia's war capabilities.Recalling the backlash his article sparked in India, Navarro mentioned that he faced harsh criticism from Indian internet users. He also urged against such reactions.Navarro stated that the existing differences between India and the US should be resolved at the level of Trump and Modi themselves. Citing the good rapport between the two leaders, he remarked that the intervention of a third party in this process would not be appropriate.This statement comes amidst ongoing concerns regarding potential US trade actions concerning India's purchase of Russian energy.On August 7, 2026, the US Senate passed the ‘Lindsey O. Graham Sanctioning Russia and Iran Act of 2026’ by a vote of 86-11. The proposed legislation includes a provision empowering the US President to impose tariffs of up to 100 percent on goods imported from certain major nations that purchase oil or gas from Russia. However, **a 100 percent tariff on India has not been immediately imposed.** For this bill to become law, it must pass through the subsequent stages of the US legislative process, followed by necessary action from the President.India and China are among the major buyers of Russian crude oil. Consequently, there are concerns regarding the potential impact of the proposed US sanctions and tariff provisions on trade relations with both nations.Navarro's latest statement comes at a time when trade talks between India and the US are ongoing. His remarks suggest that efforts could be made to resolve existing differences between the two countries through dialogue and diplomatic initiatives at the level of top leadership.read more :- India ITME 2026 Roadshow Begins

India ITME 2026 Roadshow Kicks Off in CoimbatoreThe India ITME Society launched the promotional campaign for India ITME 2026 with a special preview event held in Coimbatore. The 12th edition of this premier textile machinery and technology exhibition is scheduled to take place from December 4 to 9, 2026, at the India Expo Centre & Mart in Greater Noida. Key stakeholders from the textile industry participated in the event.Ketan Sanghvi, Chairman of the India ITME Society, stated that the 2026 edition would be the largest event in the India ITME series to date. It is expected to feature over 1,800 exhibitors, participation from more than 95 countries, and an anticipated footfall of over 150,000 visitors. Spanning an area of approximately 240,000 square meters across 18 exhibition halls, the event is set to become a major global platform for the textile machinery and engineering industry.Centered on the theme ‘ITME Next’, the exhibition will place special emphasis on advanced textile machinery, sustainable manufacturing, and next-generation textile technology. Technologies promoting resource efficiency, the circular economy, and the reduction of environmental impact will also be highlighted, aligning with initiatives such as ‘Make in India’, PM MITRA Parks, and the National Technical Textiles Mission.Prabhu Damodaran, Convener of the Indian Texpreneurs Federation (ITF), noted that the current environment is favorable for the Indian textile industry following years of challenges. He identified FTAs, GST reforms, robust supply chains, and the growing importance of nearshoring as significant opportunities for India. He also emphasized the need for continuous investment in technology, innovation, and product development.A two-day international conference titled ‘Textile Horizons’ will be held on December 5–6 during India ITME 2026. Additionally, a CEO Conclave and the ITME Technical Awards will be key highlights of the event. Dr. Seema Srivastava, Executive Director of the India ITME Society, expressed gratitude for the industry's continued support.read more :-  The rupee opened 3 paise lower against the dollar at 95.36.

On Thursday, the Indian rupee opened 3 paise lower against the dollar at 95.36, compared to its previous close of 95.33 on Wednesday. The BSE Sensex opened at 78,111.91 and was down 161.17 points, or 0.21%, at 77,805.18 by 9:22 am. The NSE Nifty 50 opened at 24,431.60 and was down 90.55 points, or 0.37%, at 24,345.40.Read More :-  Maharashtra Cotton, Soybean Sowing Trails