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Rupee opens 13 higher at 81.94 against the US dollarThe Indian rupee extended gains to open 13 paise higher against the US dollar Friday on broader weakness in the greenback and sustained FII inflows into the domestic equities. The local currency opened at 81.94 a dollar as compared to the previous close of 82.07 a dollar.

Rupee strengthened by 17 paise against dollarThe rupee strengthened by 17 paise to close at Rs 82.07 against the dollar this evening.Sensex up 164 pointsToday the stock market closed with a boom.Today, where the Sensex closed at a level of 65558.89 points with a gain of about 164.99 points.On the other hand, the Nifty closed at a level of 19413.80 points with a gain of 29.50 points.

China: China's exports fall the most in three years due to the struggle of the global economyBEIJING: China's exports plunged the most in three years in June, falling a more than expected 12.4% year-on-year, as tensions from the struggling global economy show signs of escalating and Chinese policymakers face mounting pressure. facing. for promotional measures.Customs data on Thursday showed imports also fell more than expected, falling by 6.8%. A Reuters poll of economists had forecast a 9.5% drop in exports and a 4.0% decline in imports.The pace of China's post-pandemic recovery has slowed after rising sharply in the first quarter, with analysts now downgrading their projections for the economy for the rest of the year as factory production slowed due to persistently weak global demand. Is.Lav Daliang, spokesman for the General Administration of Customs, blamed "weak global economic recovery, slowing global trade and investment, and rising unilateralism, protectionism and geopolitics" for the poor export performance in remarks at a press conference in Beijing.Policymakers are now staring at the prospect of slowing growth to just 3% a year in the world's second-largest economy, according to economists' forecasts. This is less than half the normal rates of recent decades and creates a sense of an economy in recession.Chinese Premier Li Keqiang, who took office in March, has talked a good game on implementing policy measures to boost demand and strengthen markets, but few concrete steps have been announced and Investors are getting impatient."Looking ahead, headwinds facing the external sector remain strong, requiring policy support for domestic demand," said Zhou Hao, economist at Guotai Junyan International.South Korean shipments to China, a leading indicator of China's imports, fell 19.0% last month, the smallest decline since October, but the decline in semiconductors and other components used to manufacture electronic goods Demand remains weak.Raw material demand also showed signs of weakness, with copper imports falling 16.4% in June from a year earlier.Chinese factory activity has been shrinking in recent months, while consumer prices edged into deflation in June and producer prices fell at their sharpest pace in more than seven years.After badly missing the 2022 target, the government has set a modest GDP growth target of around 5% for this year.

Pakistan: Cotton market stable with satisfactory trading volumeLAHORE: The local cotton market remained stable on Wednesday with satisfactory trading volume.Cotton analyst Naseem Usman said that the rate of new cotton crop in Sindh is between Rs 16,900 to Rs 17,100 per head. The rate of footi in Sindh is between Rs 6,500 to Rs 7,300 per 40 kg.The rate of cotton in Punjab is between Rs 17,300 to Rs 17,500 per head and the rate of cotton is between Rs 7,200 to Rs 8,200 per 40 kg. The rate of cotton in Balochistan is Rs 17,100 per head while the rate of footy is between Rs 7,000 and Rs 7,300 per 40 kg.About 400 bales of Shahdad Pur were sold at Rs.16,900 to Rs.17,200 per head, 8800 bales of Tando Adam at Rs.16,900 to Rs.17,200 per head, 3800 bales of Sanghar at Rs.16,750 to Rs.17,100 per head, 1400 bales were sold. 600 bales of Mirpur Khas, 600 bales of Hyderabad were sold at Rs.16,800 per head, 200 bales of Qazi Ahmed at Rs.16,875 per head, 200 bales of Kotri at Rs.16,800 per head, 400 bales of Shahpur Chakkar were sold. Rs 16,900 to Rs 17,000 per head, 200 bales of Gup Chani sold at Rs 17,000 per head, 400 bales of Haider Shah sold at Rs 16,900 per head, 200 bales of Nawab Shah sold at Rs 16,800 per head 400 bales were sold at the rate of Rs.17,000 per head of Dalawar Pur, 400 bales of Tando Muhammad Khan at Rs.16,900 per head, 800 bales of Harunabad at Rs.17,400 to Rs.17,500 per head, 600 bales of Miyan Channu at Rs.17,500. Per head, 800 bales of Burewala were sold at Rs.17,400 per head, 800 bales of Khanewal at Rs.17,500 to 17,600 per head, 1000 bales of Chichavatni at Rs.17,400 to 17,500 per head, 1200 bales of Vehari were sold at Rs.17,500 per head. 17,400 to Rs 17,500 per head, 2600 bales of Laiya for Rs 17,300 to Rs 17,500 per head, 400 bales of Haasil Pur at Rs 17,350 per head, 200 bales of Ahmed Pur Purvi at Rs 17,300 per head. 200 bales of Maund, Fazilpur were sold at Rs.17,400 per head, 200 bales of Kaur Lal Esan at Rs.17,400 per head and 200 bales of Multan at Rs.17,350 per head.The spot rate remained unchanged at Rs 17,000 per head. Polyester fiber was available at Rs 350 per kg.

Rupee opens 29 paise higher at 81.95 against the US dollarThe Indian rupee opened 29 paise higher against the US dollar on Thursday on a weak greenback amid hopes that cooling inflation in the US will allow the Federal Reserve to pause interest rate hikes soon. The local currency opened at 81.95 a dollar as compared to the previous close of 82.24.Stock market again towards all time high, Sensex opened up by 357 pointsToday the stock market opened with a boom. Today, the BSE Sensex opened at a level of 65750.95 points with a gain of about 357.05 points. On the other hand, the NSE's Nifty opened at a level of 19482.80 points with a gain of 98.50 points.

Rupee strengthened by 12 paise against dollarThe rupee strengthened by 12 paise to close at Rs 82.25 against the dollar this evening.Sensex breaks 224 pointsToday the stock market closed with a fall.Today, where the Sensex closed at a level of 65393.90 points with a fall of 223.94 points.On the other hand, the Nifty closed at a level of 19384.30 points with a fall of 55.10 points.

Pakistan: Considerable activity seen in the cotton marketLAHORE: The local cotton market remained stable on Tuesday with satisfactory trading volume.Cotton analyst Naseem Usman said that the rate of new crop of cotton in Sindh is between Rs 17,000 to Rs 17,100 per head. The rate of footi in Sindh is between Rs 7,000 to Rs 7,400 per 40 kg.The rate of cotton in Punjab is between Rs 17,300 to Rs 17,500 per head and the rate of cotton is between Rs 7,300 to Rs 7,900 per 40 kg. Cotton rates in Balochistan range from Rs 17,000 to Rs 17,100 per head, while footy rates range from Rs 7,200 to Rs 7,400 per 40 kg.About 200 bales of Daur, 200 bales of Bukhari were sold at Rs.17,200 per head, 1200 bales of Nawab Shah at Rs.17,100 to Rs.17,200 per head, 4000 bales of Tando Edam at Rs.17,000 to Rs.17,200 per head. , Kotri 800 bales sold at Rs 16,900 to Rs 17,100 per head, Khadro 400 bales at Rs 17,000 to Rs 17,100 per head, Shahdadpur 2,000 bales at Rs 17,000 to Rs 17,300 per head, 1000 bales were sold. Mirpur Khas was sold for Rs.17,000 to Rs.17,100 per head, Sanghar for Rs.17,000 to Rs.17,100 per head for 1800 bales, Hyderabad for Rs.17,000 per head for 600 bales, Khando for Rs.17,100 for 600 bales. Rs 17,200 per head, 200 bales of Jhola Rs 17,000 per head, 200 bales of Hala Rs 17,200 per head, 200 bales of Shahpur Chakar Rs 17,000 per head, 800 bales of Laiya sold Rs 17,200 to 17,500 per head, 1 of Chichavatni 400 bales 17,200 to 17,500 rupees per head, 600 bales of Haasilpur, 800 bales of Harunabad, 200 bales of Rajanpur, 1200 bales of Burewala, 800 bales of Miyan were sold. 1600 bales of Channu, Vehari, 600 bales of Ahmed Pur East, 800 bales of Rahim Yar Khan, 600 bales of Pir Mahal, 400 bales of Gojra, 4,00 bales of Shujabad Rs.17,500 per head, 18,00 bales sold to Khanewal were sold at Rs.17,500 to Rs.17,700 per head.The spot rate remained unchanged at Rs 17,000 per head. Polyester fiber was available at Rs 350 per kg.

Rupee rises 10 paise to open at 82.27 against the US dollarThe Indian rupee opened 10 paise higher against the US dollar on Wednesday helped by broader weakness in the greenback ahead of the crucial US inflation data. The local currency opened at 82.27 a dollar as compared to the previous close of 82.57.Stock market rises further, Sensex close to all-time highToday the stock market opened with a boom. Today, the BSE Sensex opened at a level of 65726.19 points with a gain of about 108.35 points. On the other hand, the NSE's Nifty opened at a level of 19469.80 points with a gain of 30.40 points.

Rupee strengthened by 20 paise against dollarThe rupee strengthened by 20 paise to close at Rs 82.37 against the dollar this evening.Sensex up 273 pointsToday the stock market closed with a boom.Today, where the Sensex closed at a level of 65617.84 points with a gain of about 273.67 points.On the other hand, the Nifty closed at a level of 19439.40 points with a gain of 83.50 points.

Openend spinning mills in Tamil Nadu suspend productionMost of the openend spinning mills, which are present in large numbers in Vellakoil, Dindigul, Mangalam, Palladam, and Sulur, are medium or small-scale and are LT CT electricity consumers.Over 400 openend spinning mills in Tamil Nadu suspended operations on Monday, July 10, as production costs had turned unviable for the mills.G. Arulmozhi, president of Openend Spinning Mills’ Association, told The Hindu the strike had resulted in the loss of ₹40 crore a day as nearly 30 lakh kg of yarn was not produced by the mills on Monday.Most of the openend spinning mills, which are present in large numbers in Vellakoil, Dindigul, Mangalam, Palladam, and Sulur, are medium or small-scale and are LT CT electricity consumers. Last year, the Tamil Nadu Generation and Distribution Corporation introduced peak hour charges, increased current consumption charges, and hiked the demand charges. The per unit cost paid by LT CT consumers is higher than HT consumers. “These units are shelling out almost ₹70,000 more a month because of higher power charges,” he said.Further, cotton waste prices are increasing for the last 10 months though raw cotton prices have reduced.With higher production costs, openend spinning mills in Tamil Nadu are unable to compete with the units in Punjab and Haryana that are now selling yarn in Tamil Nadu at ₹5 a kg less than the price quoted by the mills here.“The north Indian mills are bearing ₹10 a kg transport cost and still offering at ₹5 a kg lesser cost. We are unable to compete with these mills. Already about 20 mills have closed down,” he said.M. Jayabal, president of Recycle Textile Federation, said fabric woven using virgin cotton yarn was sold for ₹200 to ₹4,000 a metre depending on quality. However, grey cloth produced from the openend yarn, which was manufactured from waste cotton, cost just ₹28 - ₹50 a metre. In such a scenario, increasing waste cotton price to almost 72% - 75 % of virgin cotton had increased production cost. From August last year, the cost of comber noil (waste cotton) was 60 % to 87 % of cotton prices, varying every month. “Our funds are exhausted. For 10 months, we are operating without profit and spending the financial resources on hand,” he said. The mills reduced production during the last 10 months gradually, he said.

Maharashtra Cotton Rate: Cotton prices fall marginally in ParbhaniParbhani News : The arrival of cotton has decreased in Manawat, Selu, Parbhani, the main cotton mandis of Parbhani district. The procurement rates of cotton through auction are showing slight fluctuations. There has been a slight drop in price compared to last week.On Monday (10th), the minimum price of cotton in Selu Bazar Samiti ranged from Rs.6300 to maximum of Rs.7230 per quintal and the average price was Rs.7170 per quintal. While 190 to 200 carts of cotton arrived in Humanat Bazar Samiti, the minimum price per quintal was Rs 6000 to maximum Rs 7150 and the average price was Rs 7050.The Parbhani market committee used to earn about 100 quintals. Cotton received minimum price of Rs.6500 to maximum of Rs.7300 and an average of Rs.7250. At the Selu market committee on Saturday (8th), Kapala fetched a minimum price of Rs 6,000 to a maximum of Rs 7,255 per quintal and an average of Rs 7,125 per quintal.On Friday (7th), cotton received a minimum price of Rs.6100 to a maximum of Rs.7295 per quintal and an average of Rs.7240 per quintal. On Thursday (6th), the minimum price of cotton ranged from Rs.6100 to maximum Rs.7245 per quintal and the average price was Rs.7230 per quintal. On Wednesday (5th), the cotton price ranged from a minimum of Rs.6315 to a maximum of Rs.7340 per quintal and an average of Rs.7250 per quintal.There has been a slight decline in the price of cotton in Selu Bazar Samiti. Manavta Bazar Samiti received 1,650 quintals of cotton on Friday (7th) with a minimum price of Rs 6,000 to a maximum of Rs 7,200 and an average price of Rs 7,100 per quintal. On Thursday (6th), 625 quintals of cotton arrived and the prices ranged from a minimum of Rs.6000 to a maximum of Rs.7235 and an average price of Rs.7150 per quintal.On Wednesday (5th) 640 quintals of cotton arrived and the prices ranged from a minimum of Rs.6300 to a maximum of Rs.7370 and an average price of Rs.7280 per quintal. The arrival of cotton in Manav Bazar Samiti has decreased as compared to last week. The buying rate continues to fluctuate slightly. There is little fluctuation in the minimum and minimum rates.