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US ban on Xinjiang products violates trade rules: Chinese associationThe U.S. ban on all imports from China's Xinjiang Uygur Autonomous Region is in violation of international economic and trade rules, the China National Textile and Apparel Council (CNTAC) said Wednesday.The U.S. ban on all imports from China's Xinjiang Uygur Autonomous Region is in violation of international economic and trade rules, the China National Textile and Apparel Council (CNTAC) said Wednesday.The CNTAC said it strongly opposes the U.S. ban, which has not only seriously damaged the overall interests of China's textile industry, but will also harm the normal order of the global textile industry.The remarks came after a ban on imports of all products related to Xinjiang by the U.S. Customs and Border Protection on Tuesday, based on the so-called "Uyghur Forced Labor Prevention Act."Xinjiang cotton, the quality of which is recognized globally, accounts for about 20 percent of the world's total cotton output and is a vital guarantee for the healthy and sustainable development of both the Chinese and global textile industries, the CNTAC said.Noting that the U.S. move is a malicious suppression of China's textile industry, the council said it seriously jeopardizes the security and stability of the industrial and supply chains of the global textile industry, and hurts the interests of workers in the global textile industry.Stressing that forced labor is explicitly prohibited under Chinese law, the CNTAC said that Chinese textile enterprises strictly abide by the laws, and that the so-called forced labor does not exist in China's textile industry.The CNTAC said it believes that China's textile industry will respond effectively to various risks and challenges with the support of the Chinese government.

Rupee opens 12 paise stronger against dollarRupee opened with strength today against the dollar in the foreign exchange market. Today the rupee opened with a strength of 12 paise at Rs 78.26 against the dollar. At the same time, on Wednesday, the rupee closed at Rs 78.38 with a weakness of 31 paise against the dollar.Sensex rises further, opens up 38 pointsToday the stock market opened with great momentum. Today the BSE Sensex rose by about 37.77 points to open at the level of 51860.30 points. On the other hand, the Nifty of NSE opened with a gain of 12.30 points at the level of 15425.60 points.

All India Weather Forecast for June 23, 2022Weather systems made across the countryA Western Disturbance is over Jammu and Kashmir and adjoining areas.The Induced Cyclonic Circulation lies over Northwest Rajasthan.Another Cyclonic Circulation is persisting over Jharkhand and adjoining parts of Odisha.A trough is extending from South Gujarat Coast to Kerala Coast.Weather movement across the country during the last 24 hoursDuring the last 24 hours, light to moderate rain occurred at isolated places over Jammu and Kashmir, Coastal Karnataka, parts of Vidarbha, South Madhya Pradesh and Jharkhand, Rajasthan, Marathwada and Uttarakhand.Punjab, Haryana, remaining parts of Madhya Pradesh, Konkan and Goa, Madhya Maharashtra, Marathwada, Kerala, Tamil Nadu, Telangana, Coastal Andhra Pradesh, Andaman and Nicobar Islands, parts of western Uttar Pradesh and West Bengal, Sikkim and Northeast India Light to moderate rain occurred in some parts.Except South Tamil Nadu, East Madhya Pradesh, East Uttar Pradesh and Gujarat, rest of the country received light rain.Weather activity likely during next 24 hoursDuring the next 24 hours, light to moderate rain with light rain very likely over parts of Sikkim, Sub-Himalayan West Bengal, parts of Assam, Meghalaya, Konkan & Goa, Coastal Karnataka, Andaman & Nicobar Islands .Light to moderate rain with one or two heavy spells is possible over Odisha, South Chhattisgarh, Madhya Maharashtra Coastal Karnataka and South Gujarat.Light to moderate rain is possible over rest of Northeast India, parts of Bihar, Jharkhand, West Bengal, Interior Odisha, Vidarbha, Marathwada, Telangana, Kerala, Interior Karnataka, Lakshadweep, South Gujarat and Western Himalayan regions.Light rain is possible over Chhattisgarh and Tamil Nadu.The weather is very likely to remain dry for at least next 3 to 4 days over western Himalayas, Punjab, Haryana, Delhi, Rajasthan, Kutch, most parts of Uttar Pradesh, Madhya Pradesh, western parts of Jharkhand and most parts of Bihar.

This is a difficult time for spinners.Small size yarn spinners will be in trouble for the first 6 months of 2023 due to increased cotton prices. However, according to experts, a good monsoon can bring a lot of improvement in the coming 6 months. If we look at the whole year, the cotton bale which was available for Rs 35,829 in 2022 has increased to Rs 46,700 per bale in 2023. The rise of 30 percent in one year is troubling the small traders a lot. If experts are to be believed, this is gradually affecting the margin and volume growth of the home textile industry. At the same time, with rising interest rates, it is also reducing the purchasing power of the consumer class. According to a report by India Ratings, about 10 per cent of the 2,100 spinning units in the southern parts of India are closed because they cannot afford locally produced cotton. Similarly, spinning mills in Gujarat and Ludhiana are also operating at less than 50 per cent capacity on an average.To cool down cotton prices and boost domestic demand, the government has increased the minimum support price (MSP) of kharif crops, raised the MSP of cotton by 6.18 per cent to Rs 6,080 per quintal and restricted exports till domestic demand is met. Is.Despite the government's focused efforts, analysts expect margin pressure on the textile industry to mount as companies are hesitant to pass on price hikes to consumers entirely. "While the government's increased MSP support for cotton prices may bring some relief to the farmers, the cost being passed on by the textile companies to the consumers will have to be monitored," Shah said.Meanwhile, shares of cotton yarn spinning mills remained under pressure in CY22. KPR Mills, Ambika Cotton, Trident, Nahar Spinning, Nitin Spinners, Vardhman Textiles, Lakshmi Mills have slipped from 14 per cent to 46 per cent in CY22 so far. In comparison, the S&P BSE Sensex lost over 11 per cent during the same period, ACE Equity data shows.

Rupee down by 31 paise to close at Rs 78.38 against dollar today evening.Sensex fell more, closed after breaking 710 points.Today the stock market closed with a fall.Today, where the Sensex closed at the level of 51822.53 points, down 709.54 points.On the other hand, Nifty closed at the level of 15413.30 with a fall of 225.50 points.

डॉलर के मुकाबले रुपया धड़ाम, 6 पैसे कमजोर खुलाविदेशी मुद्रा बाजार में डॉलर के मुकाबले रुपया आज कमजोरी के साथ खुला। आज डॉलर के मुकाबले रुपया 6 पैसे की कमजोरी के साथ 78.13 रुपये के स्तर पर खुला। वहीं, मंगलवार को डॉलर के मुकाबले रुपया 9 पैसे की कमजोरी के साथ 78.07 रुपये के स्तर पर बंद हुआ।खुलते ही सेंसेक्स धड़ाम, 374 अंक की गिरावट दर्जआज शेयर बाजार गिरावट के साथ खुला। आज बीएसई का सेंसेक्स करीब 374.08 अंक की गिरावट के साथ 52157.99 अंक के स्तर पर खुला। वहीं एनएसई का निफ्टी 114.90 अंक की गिरावट के साथ 15523.90 अंक के स्तर पर खुला।Rupee collapses against dollar, opens weak by 6 paiseRupee opened with weakness today against the dollar in the foreign exchange market. Today the rupee opened with a weakness of 6 paise at Rs 78.13 against the dollar. At the same time, on Tuesday, the rupee closed at Rs 78.07 with a weakness of 9 paise against the dollar.Sensex collapses as soon as it opens, registers a fall of 374 pointsToday the stock market opened with a fall. Today the BSE Sensex fell by about 374.08 points and opened at the level of 52157.99 points. On the other hand, the Nifty of NSE opened at a level of 15523.90 points down by 114.90 points.

All India Weather Forecast for June 22, 2022 Weather systems made across the country A Western Disturbance is over Jammu and Kashmir and Ladakh region.A Cyclonic Circulation is persisting over North Rajasthan, Punjab and Haryana.An East-West Trough is extending up to Rajasthan, Delhi, Uttar Pradesh, Bihar, North West Bengal and Assam.A cyclonic circulation lies over Southwest Bay of Bengal, off Tamil Nadu coast.A North-South Trough is extending over the Arabian Sea off Konkan, Goa and Coastal Karnataka.Weather movement across the country during the last 24 hoursDuring the last 24 hours, heavy to very heavy rainfall was observed over West Coast, Assam, Meghalaya, Sub Himalayan West Bengal, Gujarat region, parts of Tamil Nadu, Kerala.Light to moderate rain was observed over Gangetic West Bengal, Rayalaseema, North Coastal Tamil Nadu, South Gujarat, North Konkan and parts of Goa, Chhattisgarh, Madhya Pradesh and Southeast Rajasthan.Light to moderate rain occurred over Bihar, Odisha, Jharkhand, rest of Konkan and Goa, Lakshadweep, Uttarakhand and Delhi NCR.Isolated light rain was observed over rest of Karnataka, Coastal Andhra Pradesh, parts of Uttar Pradesh and isolated parts of Andaman and Nicobar Islands and western parts of Rajasthan.Probable weather activity during next 24 hoursDuring the next 24 hours, heavy to very heavy rainfall is very likely over Konkan & Goa, Sikkim, Sub Himalayan West Bengal, Coastal Karnataka and adjoining areas.Rainfall is expected to subside over Northeast India and heavy rains will retreat.Northern parts of the country may see some weather activity today but very light activity will be seen from tomorrow onwards.Light to moderate over rest of Northeast India, parts of Tamil Nadu, Lakshadweep, rest of Chhattisgarh, interior Odisha, rest parts of Madhya Pradesh, Uttarakhand, Jammu & Kashmir, Telangana, Interior Karnataka and Andaman & Nicobar Islands Rain is possible.

Today evening, the rupee closed at Rs 78.07 with a weakness of 9 paise against the dollar.Sensex rises, closes 934 points higher.Today the stock market closed sharply.Today, where the Sensex closed at the level of 52532.07 points with a gain of 934.23 points.On the other hand, Nifty closed at 15638.80 with a gain of 288.60 points.

Due to weak demand, pressure on cotton prices in the global marketThe slowdown in the economy coupled with the fall in demand is putting pressure on cotton prices in the global market. The demand for yarn from spinning mills is negligible in the market. Due to this they are losing Rs 30 to 40 per kg in the sale of yarn. Prabhu Dhamodharan, convener of the Indian Texpreneurs Federation, said high levels of inventories along with global retail sales in a sluggish demand environment have slowed down the pace of garment manufacturing.The US FSCRIR agency believes that global cotton prices are peaking. The risk is high and the economy is slow, so demand has started weakening. Whereas the situation is expected to improve in the next season due to good harvest and better weather.The second-month futures market at ICE New York rose from 111 US cents a pound at the start of the year to 5 cents on May 4. The figure of May 4 is the highest since 2011 when the prices reached 203. Currently cent prices are around 125 cents. According to Fitch Solutions, weakness is expected in the coming months due to the crop season beginning in August in India, US, China, Pakistan and Brazil. Cotton futures on ICE for delivery in July are currently at 143.45 cents 87,700 per candy, while cotton is available at 134.14 cents, or 82,000. The October and December futures are at 125.14 and 114.29 cents.On the Zhengzhou Commodity Exchange, cotton for July delivery stood at 1,510 yuan per tonne, or 83,125 per candy, while September futures were at 19,555 and 19,285 yuan in November, respectively. In contrast, the benchmark Indian Shankar 6 cotton price for export is around 95 thousand. On the Multi-Commodity Exchange, the July contract price is 46330 per bale of 170 kg. According to the traders, neither the buyer nor the seller is present at these prices. Generally Chinese cotton prices are higher than Indian rates. But at present the situation is opposite. We expect demand to ease in the coming 3 to 4 months and this will bring down prices.The good news is that the prices of cotton have increased the confidence of the farmers, as a result of which the area under cultivation has increased this time. This is expected to bring down cotton prices to normal levels in the coming season.Last year, the cotton crop in India was severely damaged due to unseasonal rains between October-November. The Cotton Association of India has reduced its arrival figures from 360.13 lakh bales in October to 315.32 lakh bales due to rains.Cotton prices hit an 11-year high this year, but trade in the garment industry has suffered due to a surge in energy prices due to the Russo-Ukraine war.

Sensex rises further, opens up 406 pointsToday the stock market opened with great momentum. Today the BSE Sensex rose by about 405.99 points to open at the level of 52003.83 points. On the other hand, the Nifty of NSE opened with a gain of 117.30 points at the level of 15467.50 points.

All India Weather Forecast for June 21, 2022Weather systems made across the country*A Western Disturbance is over Jammu and Kashmir and Ladakh region.A Cyclonic Circulation is persisting over North Rajasthan, Punjab and Haryana.An East-West Trough is extending up to Rajasthan, Delhi, Uttar Pradesh, Bihar, North West Bengal and Assam.A cyclonic circulation lies over Southwest Bay of Bengal, off Tamil Nadu coast.A North-South Trough is extending over the Arabian Sea off Konkan, Goa and Coastal Karnataka.Weather movement across the country during the last 24 hoursAssam and Meghalaya have received very heavy rains during the last 24 hours. Rest of Northeast India, Sikkim received heavy rainfall.Light to moderate rain was observed over Gangetic West Bengal, Rayalaseema, North Coastal Tamil Nadu, South Gujarat, North Konkan and parts of Goa, Chhattisgarh, Madhya Pradesh and Southeast Rajasthan.Light to moderate rain occurred over Bihar, Odisha, Jharkhand, rest of Konkan and Goa, Lakshadweep, Telangana and Vidarbha, North Madhya Maharashtra, Uttarakhand and Delhi NCR.Isolated light rain was observed over rest of Karnataka, Coastal Andhra Pradesh, parts of Uttar Pradesh and isolated parts of Andaman and Nicobar Islands and western parts of Rajasthan.Weather activity likely during next 24 hoursSouthwest Monsoon is very likely to advance into more parts of East Madhya Pradesh, entire Chhattisgarh, Odisha, West Bengal, Jharkhand and Bihar very soon.During the next 24 hours, light to moderate rain is possible over parts of Mumbai, South Gujarat, East Rajasthan including West Assam, Sikkim, Sub Himalayan West Bengal, parts of Kerala, Coastal Karnataka, Konkan and Goa. South Odisha, Chhattisgarh and isolated parts of Madhya Pradesh.Rest of Northeast India, Tamil Nadu, parts of Lakshadweep, rest of Chhattisgarh, Interior Odisha, rest of Madhya Pradesh, North-West and East Rajasthan, Punjab, Haryana, Delhi, Western Uttar Pradesh, Uttarakhand, Jammu and Kashmir, Telangana Light to moderate rain is possible over parts of , Interior Karnataka, Andaman and Nicobar Islands.