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The rupee had closed at 96.78 on Thursday, whereas today it opened at 96.72 per dollar, marking a gain of 6 paise.The Sensex rose by 666.22 points, or 0.93 percent, to reach 72,259.46, while the Nifty50 fell by 226.05 points, or 1.02 percent, to 22,457.85.Read More :- Indian Rupee Falls 07 Paise to Close at 96.78 Against US Dollar.

The Indian rupee weakened by 07 paise against the US dollar on Thursday, closing at ₹96.78 per dollar.The domestic currency opened at ₹96.71 against the US dollar and fluctuated throughout the trading session. It eventually closed at ₹96.78, down 07 paise from the opening level.The Sensex was down 1,045.46 points or 1.44 percent at 71,593.24, and the Nifty was down 371.25 points or 1.64 percent at 22,231.80. About 951 shares advanced, 3280 shares declined, and 180 shares unchanged.read more :- CCI Holds Sudhar Utsav in Gujarat

'Sudhar Utsav' at Bodeli APMC on World Cotton Day; ₹7,900 Crore Paid to 3 Lakh FarmersBodeli, Gujarat: On the occasion of World Cotton Day, the Cotton Corporation of India (CCI) Ltd., Ahmedabad, organized 'Sudhar Utsav 2026' at the Bodeli APMC. Senior CCI officials, cotton traders, and a large number of farmers participated in the event. Discussions were held regarding cotton procurement, payments to farmers, and measures to boost cotton production.CCI’s E.G.M. Reddy stated that the CCI has procured 98 lakh quintals of cotton in Gujarat. In return, approximately ₹7,900 crore was paid to around 3 lakh farmers. This was highlighted as a significant achievement for the CCI.It was revealed during the event that about 4 lakh farmers in Gujarat have registered to sell their cotton. This figure is expected to rise to approximately 5 lakh in the near future. The event also emphasized promoting the 'Cotton Revolution' and 'Kasturi Cotton,' alongside the reforms being implemented in the cotton sector.Scientist Chirag Patel stressed the importance of maintaining an optimal plant population in fields to enhance cotton productivity. He advised farmers to adopt scientific crop management practices to improve production capacity.Farmers were also encouraged to adopt crop rotation. The event highlighted that subsidies, technical assistance, and training are provided to farmers to improve agricultural output. Crop rotation can help maintain soil quality and make farming more sustainable.CCI Joint Secretary M.M. Patel said, "The country can become self-reliant only when the farmer becomes self-reliant." He urged farmers to adopt scientific farming practices and avail themselves of the available assistance.read more :- Washim Cotton Farmers Face Drought

World Cotton Day: Cotton or Soybean? Rising Costs and Drought Raise Farmers' ConcernsWashim: Washim district in Maharashtra was once a major hub for cotton production; the Karanja and Manora talukas, in particular, were renowned for cotton cultivation. However, due to rising production costs, labor shortages, increasing wages for cotton picking, and market price fluctuations, farmers are gradually shifting towards other crops.This year, cotton has been sown across 37,756 hectares in Washim district. However, the condition of the crop remains a cause for concern due to a prolonged lack of adequate rainfall. Depleted soil moisture has stunted the growth of cotton plants, leaving farmers facing the challenge of saving their standing crops.**Cotton Acreage Shrinks Over 15 Years**About 15 years ago, cotton was cultivated on more than 50,000 hectares in Washim district. The area under cotton cultivation has since decreased significantly; this year, sowing was limited to 37,756 hectares.Cotton cultivation entails high costs, and the crop requires a long duration in the field. Farmers are struggling with labor shortages and rising wage costs. Amidst market price uncertainties, many are turning to crops like soybean and turmeric instead.**Production Threatened by Lack of Rain**A lack of adequate rainfall for nearly two months in the cotton-growing regions of Karanja and Manora has depleted soil moisture, hindering plant growth. If sufficient rain does not arrive soon, the formation of cotton bolls and the overall yield could be adversely affected.Farmers have demanded compensation of ₹30,000 per acre from the government for crop losses. Registration Mandatory for Sales at MSPFarmers wishing to sell cotton to the CCI at the Minimum Support Price (MSP) during the 2026-27 season are required to self-register via the ‘Kapas Kisan’ mobile app. Registration remains open until October 31, 2026.For the 2026-27 season, the MSP for cotton has been fixed at ₹8,267 per quintal for medium-staple varieties and ₹8,667 per quintal for long-staple varieties. Farmers hope that CCI procurement will provide relief should market prices fall below the MSP.Challenges Faced by Farmers on World Cotton DayWorld Cotton Day is observed on October 7. For farmers in Washim, rising costs, labor shortages, water scarcity, weather unpredictability, and market price fluctuations remain significant challenges.Given this situation, the farmers' priorities for the current season are to protect their standing crops, secure relief for crop losses, and obtain market support through the MSP.read more :-The rupee opened 6 paise stronger against the dollar at 96.71.

On October 8, the Indian rupee opened with a marginal gain against the US dollar.The rupee had closed at 96.77 on Wednesday, whereas today it opened at 96.71 per dollar, marking a gain of 6 paise.The Sensex fell by 139.94 points, or 0.19 percent, to 72,498.76. It had closed at 72,638.70 the previous day and opened at 72,668 today. The Nifty 50 also dropped by 75.65 points, or 0.33 percent, to 22,527.40.Read More :-  Karimnagar Cotton Crop Under Drought Stress

Rain Awaited in Karimnagar; Drought Affects Cotton Crop GrowthKarimnagar, Telangana: Cotton farmers in Karimnagar district are awaiting rainfall from the northeast monsoon. Due to a prolonged dry spell, the cotton crop has begun to wither in several areas of the district, and plant growth has been stunted. According to farmers, the condition of the cotton crop in fields with red soil is worse compared to those with black soil.Cotton has been cultivated across approximately 46,000 acres in Karimnagar district this season. It is the district's second most important crop after paddy. Since cotton requires less water than paddy, not only traditional cotton growers but also other farmers have cultivated it over a large area this time.Farmers state that the cotton crop has faced water scarcity since the beginning of the Kharif season. Despite timely sowing, the lack of adequate rainfall delayed seed germination in many areas. Subsequently, the prolonged absence of rain hindered the crop's growth. Farmers fear that if the dry conditions persist, cotton yields could drop by as much as 50 percent.Ujjagiri Gangaiah, a farmer from Venkatagiri village in Ramadugu Mandal, has cultivated cotton on four acres and paddy on three acres. He reported that despite having a well, there is insufficient irrigation water for both crops. According to him, the delay in germination has resulted in stunted cotton plants. This is expected to adversely affect the number of flowers and the overall yield. Gangaiah mentioned that he has spent over ₹30,000 per acre on cotton cultivation and is now worried about recovering his costs.Manda Rajamallaiah, a farmer from Gopalpur in Karimnagar Rural Mandal, stated that soil moisture levels have depleted due to high temperatures and the prolonged dry spell. He believes that the crop can be saved if there are two good spells of rain. According to Gangayya, rainfall every 10–15 days until Diwali would help improve the condition of the crop.read more :- Indian Rupee Falls 35 Paise to Close at 96.77 Against US Dollar.

The Indian rupee weakened by 35 paise against the US dollar on Wednesday, closing at ₹96.77 per dollar.The domestic currency opened at ₹96.42 against the US dollar and fluctuated throughout the trading session. It eventually closed at ₹96.77, down 35 paise from the opening level.The Sensex was down 429.11 points or 0.59 percent at 72,638.70, and the Nifty was down 173.05 points or 0.76 percent at 22,603.05. About 1831 shares advanced, 2182 shares declined, and 172 shares unchanged.read more :-

Drought in Maharashtra: Government Steps Up Measures to Boost Employment and Curb Migration Amidst Crop LossReports of crop damage are emerging from several areas in Maharashtra amidst drought conditions. The state government has announced new measures to boost employment in affected regions, curb migration, and ensure the safety of women and children.On Monday, October 5, the government announced the formation of a task force to ensure the effective implementation of the Employment Guarantee Scheme. The objective is to provide employment to more laborers under the scheme and prevent the migration of drought-affected families.Maharashtra's Women and Child Development Minister, Aditi Tatkare, expressed concern over the potential rise in child marriage cases during the drought. The state government has directed local administrations to conduct awareness campaigns and outreach programs in affected areas to reach women and families, particularly those migrating.The Women and Child Development Department has issued instructions to ensure a regular supply of adequate water and food at Anganwadi centers. According to the government, children of families migrating due to the drought will be provided shelter in government hostels and child care homes.Crop Damage in Vidarbha: Cotton and PaddyApart from Marathwada and Solapur, reports of crop damage have also come from several parts of Vidarbha. The cotton crop has been affected in the cotton-growing districts of Vidarbha. Farmers are demanding that the central government not extend the permission for duty-free cotton imports beyond October 31.Farmers fear that cheap imported cotton could exert downward pressure on domestic prices. There are also reports of heavy damage to the paddy crop in Vidarbha's Bhandara district. Paddy accounts for approximately 90% of the crops grown in the district.**Lower Water Storage Compared to Last Year**As of October 5, water storage in Maharashtra stood at 74.29%, whereas on the same date last year, it was 89.22%. Marathwada and Vidarbha are among the most severely affected regions.Farmers in the state are grappling with the impact of drought amidst low water storage and crop losses. The state government is taking measures to boost employment, curb migration, and provide assistance to affected families.read more :- Rupee opens flat at 96.42 against the US dollar

The rupee opened flat at 96.42 per dollar.After closing at 96.42 on Tuesday, the rupee opened unchanged at 96.42 per dollar today.The BSE Sensex opened 102.43 points or 0.14 percent lower at 72,965.38, while the Nifty opened 85.65 points lower at 22,690.45. In the previous trading session, the Sensex had closed at 73,067.81 and the Nifty 50 at 22,776.10.Read More :-  Indian Rupee Falls 11 Paise to Close at 96.42 Against US Dollar.

The Indian rupee weakened by 11 paise against the US dollar on Tuesday, closing at ₹96.42 per dollar.The domestic currency opened at ₹96.31 against the US dollar and fluctuated throughout the trading session. It eventually closed at ₹96.42, down 11 paise from the opening level.At close, the Sensex was up 685.34 points or 0.95 percent at 73,067.81, and the Nifty was up 220.35 points or 0.98 percent at 22,776.10. About 2685 shares advanced, 1495 shares declined, and 197 shares unchanged.read more :- CCI Showcases Digital Cotton Reforms

CCI to Showcase Digital Reforms in Cotton Sector at ‘Reform Utsav’Hyderabad: The Cotton Corporation of India Limited (CCI) will organize a special event under ‘Reform Utsav 2026’ in Hyderabad on October 6, 2026. The event aims to advance the government's vision of strengthening the textile value chain—spanning ‘Farm to Fibre, Fibre to Factory, Factory to Fashion, and Fashion to Foreign.’ Government officials, farmers, industry representatives, and policymakers will participate in the event.The event will showcase farmer-centric, transparent, and technology-driven reforms implemented by the CCI regarding cotton procurement and processing. To facilitate farmers, the CCI has introduced systems such as registration, slot booking, direct bank account payments, cotton quality testing, and digital traceability.A key highlight of the event will be the ‘Kapas Kisan’ digital platform. Through this platform, farmers can access information related to registration, slot booking, and the procurement process. The Aadhaar-based payment system aims to ensure transparent and convenient payments for farmers.Information regarding initiatives such as digital traceability, measures to prevent adulteration, ‘Kasturi Cotton Bharat,’ and High-Density Planting Systems will also be provided. These efforts aim to enhance cotton quality and productivity while strengthening the market position of Indian cotton. The event will feature presentations on CCI’s reforms, a short film, and feedback sessions with farmers and trade stakeholders.Additionally, the Central Silk Board will showcase digital reforms being implemented in the silk production sector. Processes such as registration, renewal, payment, documentation, and grievance redressal have been streamlined through digital ‘Silk Mark’ services.The Central Silk Board will emphasize bringing modern technology to farmers through the ‘Mera Resham Mera Abhiman’ (My Silk, My Pride) campaign. Under this initiative, farmers receive training and witness on-farm demonstrations of technology. The ‘seri-tourism’ initiative will also be showcased at the event, displaying the entire silk production process through museums, live demonstrations, and product centers.read more :- The rupee opened 1 paise lower at 96.31 against the dollar.