Today evening the rupee strengthened by 1 paise to close at Rs 75.76 against the dollar.Falling phase in the stock market, 503 points rolled furtherToday, where the Sensex fell by about 503.25 points, closed at the level of 58283.42 points. On the other hand, Nifty closed at the level of 17368.30 points down by 143.00 points.
Rupee opens 11 paise stronger against dollarRupee opened strongly against the dollar in the foreign exchange market today. Today the rupee opened with a strength of 11 paise at Rs 75.66 against the dollar. At the same time, on Friday, the rupee closed at a level of Rs 75.77 with a weakness of 25 paise against the dollar.
Sensex opens sharply, rises 348 pointsToday the stock market opened with great momentum. Today the BSE Sensex rose by about 347.95 points to open at the level of 59134.62 points.
All India Weather Forecast for December 13, 2021Weather systems made across the countryA fresh Western Disturbance is expected to affect Western Himalayas from the night of December 13.Northeast moist winds coming from the Bay of Bengal are blowing over Andhra Pradesh and Tamil Nadu.Weather movement across the country during the last 24 hoursDuring the last 24 hours, light to moderate rain at one or two places occurred along the southern coast of Andhra Pradesh.Light to moderate rain occurred over Tamil Nadu and Andaman and Nicobar Islands.Light rain occurred at isolated parts of South Interior Karnataka and Arunachal Pradesh.Light to moderate fog fell at isolated places over Northwest India and Odisha.Weather activity likely during next 24 hoursDuring the next 24 hours, light to moderate rain is likely over Andhra Pradesh coast and Tamil Nadu.Light rain and snow may occur over Gilgit-Baltistan, Muzaffarabad, Ladakh and upper parts of Himachal Pradesh.
Procurement of cotton under MSP operations increasing in Odisha: Union ministerProcurement of cotton under minimum support price (MSP) operations has been increased in Odisha. In 2018-19, only six percent of cotton were procured under the MSP operations, but it is 41 percent in 2020-21. Union minister of state for textiles Darshana Jardosh told Rajya Sabha about this on Friday.MSP operation of cotton is a sovereign function of the Centre to safeguard the cotton farmers from any eventuality of distress sales. To ensure the benefit of MSP to large section of cotton farmers, the Cotton Corporation of India Ltd (CCI) is appointed as a nodal agency under the ministry of textiles for undertaking MSP operations of cotton directly from the cotton farmers duly identified by the state government officials without involving any middlemen.Cotton is being procured between October and June. The state was producing four lakh cotton bales (one bale is 170kg of cotton) in 2018-19, but only 0.25 lakh cotton bales were procured under MSP operations in that year by spending Rs 70.78 crore. It was six percent of the total production.In 2019-20, around 1.61 lakh bales were procured under MSP operations against the production of four lakh cotton bales. Percentage of the procurement was 40 percent with value of Rs 435.4 crore. In 2020-2021, 2.05 lakh bales (41 percent) of Rs 621.8 crore have been procured against the production of 4.99 lakh bales, official sources said.Only 5000 farmers were getting MSPs in 2018-19, but this number has been increased to 40,000 in 2020-21, said the minister. She said CCI officials remain present at procurement centres right from the beginning of the cotton season till end to ensure minimum support prices to the cotton farmers wherever prevailing prices of fair average quality (FAQ) grade kapas fall below MSP.Government sources said cotton is cultivated in the districts of Kalahandi, Balangir, Rayagada, Nuapada, Sonepur, Bargarh, Gajapati, Ganjam, Koraput, Boudh and Kandhamal. It was cultivated at an area of 1.69 lakh hectare in 2019-20 in 11 districts. It has been increased to 1.71 lakh hectare in the financial year of 2020-21. CCI has a branch office in Rayagada along with 14 procurement centres in nine districts.In February this year, cotton bales from Odisha were exported to Bangladesh via railway for the first time. As many as 2471.5 MT (metric tonne) of cotton bales procured by the CCI from Odisha farmers were transported from Junagarh station in Kalahandi district to Benapole station in Bangladesh.
Today evening, the rupee depreciated by 25 paise to close at Rs 75.77 against the dollar.Today the stock market closed with a fall.Today, where the Sensex closed at a level of 58786.67 points down by about 20.46 points. On the other hand, Nifty closed at the level of 17511.30 points down by 5.50 points.
Rupee collapses against dollar, opens 13 paise weakerRupee opened with weakness today against the dollar in the foreign exchange market. Today the rupee opened with a weakness of 13 paise at Rs 75.65 against the dollar. At the same time, on Thursday, the rupee closed at Rs 75.52 with a weakness of 7 paise against the dollar.
USDA: India’s cotton production in 2021/22 is expected to be 28 million balesThe US Department of Agriculture's Overseas Agricultural Service (FAS) in Mumbai issued a report on Wednesday that India’s cotton production in the 2021/2022 market year is expected to be 28 million bales (1 bale = 480 pounds), and the planting area is 12.4 million hectares.The rains in early October delayed the harvest, but the speed of the arrival of goods increased, which is expected to drag down prices.The report predicts that cotton consumption is expected to be 26 million bales due to strong export demand for cotton yarn and textiles.“Exports are still strong, but rising freight costs and delivery delays have become a major challenge. Due to rising domestic cotton prices and higher tariffs on imported cotton, textile mills are facing procurement problems.”
Duty-free access sought from UAE for eggs, textiles, spicesIndia has sought duty-free market access for its spices, eggs, cheese and textiles in the UAE as part of the free-trade agreement it is negotiating with the grouping.At present, the UAE has banned poultry imports from India due to concerns over bird flu while India's textile exports are levied a 5% duty.As per the official, the UAE is keen to get duty concessions for dates, confectionery and sugar-based products.India is keen to get duty-free access for its fresh and frozen bovine meat, cheese, spices, certain organic chemicals and paper products. It has identified 1,100-odd products including washing machines, ACs, refrigerators, spices, tobacco, cotton fabrics, textiles and leather whose exports it wants to increase through the pact."Politically, this agreement is important as Pakistan was insisting the UAE to not ink any pact with India but the UAE has ignored it," said a trade expert, adding that India stands to gain in services and could push for long-term business visas with the UAE.
Poor start in Sensex, falling 225 points to openToday the stock market opened with a fall. Today the BSE Sensex fell by about 225.24 points and opened at the level of 58581.89 points.
*USDA RAISES COTTON PRODUCTION OUTLOOK**The USDA has increased its 2021 production estimate for upland cotton.**The crop is now seen at 17.91 million bales, up 58,000 from November with a slightly higher average yield estimate, now at 877 pounds per acre, compared to 874 last month. That’s also nearly 4 million bales larger than the 2020 total due to bigger planted area along with a better average yield. 2020 production totaled 14.061 million bales with an average yield of 835 pounds per acre.**Cottonseed production is pegged at 5,576,000 tons, compared to 4,509,000 a year ago.**The USDA left domestic ending stocks for all types of cotton unchanged on the month with that higher production estimate canceled out by a rise in unaccounted for use, while world ending stocks were down just over a million tons. The average farm price for U.S. upland cotton held at $.90 per pound.**The USDA tightened the balance sheet for U.S. rice. The domestic rice carryout is estimated at 34.5 million hundredweight, down a half a million on the month due to reduced expectations for both imports and exports. The average farm price was steady at $14.80 per hundredweight. World rice stocks were down on the month.**The USDA’s next set of supply and demand estimates is out January 12th.* *SiS Commited to update you on all textile related news real time.**Regards**Team Sis**Any query plz call 9111977771*Smartinfoindia.com*https://wa.me/919111977775*
*All India Weather Forecast for December 10, 2021**Weather systems made across the country*The Western Disturbance can be seen as a cyclonic circulation over the eastern parts of Jammu and Kashmir and Ladakh.A Cyclonic Circulation is persisting over Central Uttar Pradesh.An outline is running through southwest Bay of Bengal up to west central Bay of Bengal at lower levels.*Weather movement across the country during the last 24 hours*Further drop in minimum temperatures was observed over parts of Punjab, Haryana, Uttar Pradesh, Delhi NCR, Rajasthan and Gujarat.During the last 24 hours, isolated light rain with one or two isolated spells of rain occurred over Andhra Pradesh and Coastal Tamil Nadu.Light rain occurred over Coastal Odisha, isolated parts of Rayalaseema, Interior Tamil Nadu, Manipur and Andaman and Nicobar Islands.Moderate fog was observed over parts of Assam, Tripura and Bihar.*Weather activity likely during next 24 hours**During the next 24 to 48 hours, the minimum temperatures are likely to drop further over the Northwest and Central parts of the country.During the next 24 hours, light to moderate rain is likely over Coastal Andhra Pradesh and parts of Tamil Nadu.Light rain is possible over Coastal Odisha, Rayalaseema, Kerala, South Interior Karnataka and Southeast Telangana and Lakshadweep.Moderate to dense fog is possible over some parts of East and Northeast India.*-For Regular Commodity Market Update:**Call:9111977771*https://wa.me/919111977775
In the evening, the rupee weakened by 7 paise to close at Rs 75.52 against the dollar.Sensex closed up 157 pointsToday, where the Sensex rose by about 157.45 points, closed at the level of 58807.13 points. On the other hand, Nifty closed at the level of 17516.80 points with a gain of 47.00 points.
Rupee opens 1 paise stronger against dollarRupee opened strongly against the dollar in the foreign exchange market today. Today the rupee opened with the strength of 1 paise at Rs 75.44 against the dollar. At the same time, on Wednesday, the rupee closed at a level of Rs 75.45 with a weakness of 1 paise against the dollar.
Strong opening in Sensex, opened up 175 pointsToday the stock market opened with great momentum. Today the BSE Sensex rose by about 175.41 points to open at the level of 58825.09 points.
*All India Weather Forecast for December 09, 2021**Countrywide weather systems*A Western Disturbance is persisting over Jammu and Kashmir and adjoining areas.A Cyclonic Circulation lies over East Central Arabian Sea off Maharashtra Coast.Another Cyclonic Circulation is persisting over West Bengal and Bangladesh.*Weather movement across the country during the last 24 hours*The minimum temperature has further declined by 2-3 degrees over some parts of North West, Central and East India.During the last 24 hours, light to moderate rain occurred over Nagaland, parts of Arunachal Pradesh and Kerala.Rest of Northeast India, Interior Tamil Nadu and South Coast of Andhra Pradesh received light rain.Dense fog covered parts of Bihar and Northeast India. One or two parts of South Interior Karnataka also witnessed dense fog in the morning hours.*Weather activity likely during next 24 hours*During the next 24 hours, light rain is likely over Coastal Andhra Pradesh, parts of Tamil Nadu and Kerala.Scattered light rain and snow are possible over Western Himalayas.Moderate to dense fog is possible over the Gangetic plains of India.During the next two days, the minimum temperature over Northwest and Central India is likely to drop by another 2-3 degrees.
| title | Created At | Action |
|---|---|---|
| Today evening the rupee strengthened by 1 paise to close at Rs 75.76 against the dollar | 13-12-2021 23:16:08 | view |
| Rupee opens 11 paise stronger against dollar | 13-12-2021 17:38:41 | view |
| Sensex opens sharply, rises 348 points | 13-12-2021 17:38:20 | view |
| All India Weather Forecast for December 13, 2021 | 13-12-2021 17:37:45 | view |
| Procurement of cotton under MSP operations increasing in Odisha: Union minister | 11-12-2021 22:36:23 | view |
| Today evening, the rupee depreciated by 25 paise to close at Rs 75.77 against the dollar | 10-12-2021 23:12:05 | view |
| Rupee collapses against dollar, opens 13 paise weaker | 10-12-2021 21:28:37 | view |
| USDA: India’s cotton production in 2021/22 is expected to be 28 million bales | 10-12-2021 21:28:17 | view |
| Duty-free access sought from UAE for eggs, textiles, spices | 10-12-2021 21:27:12 | view |
| Poor start in Sensex, falling 225 points to open | 10-12-2021 21:26:42 | view |
| *USDA RAISES COTTON PRODUCTION OUTLOOK* | 10-12-2021 14:44:42 | view |
| *All India Weather Forecast for December 10, 2021* | 10-12-2021 14:20:46 | view |
| In the evening, the rupee weakened by 7 paise to close at Rs 75.52 against the dollar | 09-12-2021 23:40:30 | view |
| Rupee opens 1 paise stronger against dollar | 09-12-2021 18:40:55 | view |
| Strong opening in Sensex, opened up 175 points | 09-12-2021 18:40:39 | view |
| *All India Weather Forecast for December 09, 2021* | 09-12-2021 14:19:31 | view |
