Early trading saw the rupee drop 12 paise to its lowest point ever, 85.06 against the US dollar.Forex traders said the US Federal Reserve has adjusted its projections for 2025, signalling a more cautious monetary policy stance, pressuring emerging market currencies, including the Indian rupee.The rupee dropped 12 paise to an all-time low of 85.06 against the US dollar in early trade on Thursday (December 19, 2024), as a hawkish tilt from the US Federal Reserve sparked a broad dollar rally.Read More :- The rupee closed 5 paise lower at 84.95 against the dollar this evening
The rupee fell 5 paise versus the dollar to settle at Rs 84.95 this eveningAt the close, the Sensex was down 502.25 points or 0.62 percent at 80,182.20, and the Nifty was down 137.15 points or 0.56 percent at 24,198.85. About 1379 stocks rose, 2456 fell and 92 stocks remained unchanged.Read More :- India's cotton textile exports drop by 29% compared to 2021-22
India exports 29% fewer cotton textiles than it did in 2021–2022.India exported cotton textiles worth $12258 million in 2023-24, a drop of nearly 29 percent compared to the 2021-22 export figures, according to data from states presented in the Rajya Sabha during the ongoing winter session.Compared to the $17166 million worth of exports made in 2021-22, the volume of cotton fabrics and madeups exported from India during 2023-24 declined by 19 per cent, while cotton yarn witnessed a decline of 31 per cent in the same year, Minister of State Pabitra Margherita said in a written reply to a question asked by MP Parimal Nathwani. Raw cotton exports also declined by 60 per cent. However, the export of other textile yarns and madeups witnessed a growth of 12 per cent during 2023-24.From a high of $17166 million in 2021-22, India's exports fell to $11085 million in 2022-23. After that, the value of goods exported grew by 11 per cent in the next financial year. The United States, Bangladesh, China, Sri Lanka, and the United Arab Emirates are some of the markets where Indian cotton textiles are exported. Gujarat, which accounts for about 30 per cent of India's cotton textile exports, saw a decline in exports from a high of $4760 million in 2021-22 to $3615 million in 2023-24. Cotton production In cotton production, Gujarat is leading among the major states, with the state crossing the production of 90 lakh bales of 170 kg during the period between October-September 2023-24.Between 2021-22 and 2023-24, Gujarat witnessed a 20 per cent increase in cotton production. In comparison, production in Maharashtra, the second-largest cotton producer, declined by two per cent to 80 lakh bales in 2023-24. Telangana stood third with 51 lakh bales during the period October-September 2023-24. In a written reply, the government said it is implementing a scheme for Remission of State and Central Taxes and Duties (ROSCTL) on export of apparel/textiles and made-ups to boost exports. The ministry is also supporting export promotion councils/associations in organising a mega textile show i.e. Bharat Tex 2025 in February, 2025 to showcase the strength of Indian textile value chain, highlight the latest advancements/innovations/trends in the textile and fashion industry and establish India as the most preferred destination for sourcing and investment in the textile sector. India has also signed 14 Free Trade Agreements (FTAs) and 6 Preferential Trade Agreements (PTAs) with various trading partners, which will facilitate access to global markets in the integrated cotton textile value chain.The government also said that ICAR-Central Institute for Cotton Research (CICR), Nagpur, under the Ministry of Agriculture and Farmers Welfare, in collaboration with AICRP on Cotton, focuses on development of improved cotton varieties and agro-technologies. In the last decade, 333 cotton varieties have been released, which include 191 non-Bt and 142 Bt cotton varieties.Read More :- Rupee falls 1 paisa to 84.92 against US dollar in early trade
Early trading saw the rupee drop 1 paisa to 84.92 against the US dollar.The rupee consolidated in a narrow range and settled for the day higher by 1 paisa at 84.90 (provisional) against the US dollar on Tuesday, weighed down by disappointing trade balance data and weak domestic markets.Read More :- Indian rupee ended marginally lower at 84.90 per dollar on Tuesday versus Monday's close of 84.87.
The Indian rupee closed Tuesday at 84.90 per dollar, slightly less than Monday's close of 84.87.At close, the Sensex was down 1,064.12 points or 1.30 percent at 80,684.45, and the Nifty was down 332.25 points or 1.35 percent at 24,336. About 1497 shares advanced, 2360 shares declined, and 85 shares unchanged.Read More :> CCI procures 31 lakh bales of cotton by mid-December
By the middle of December, CCI will have acquired 31 lakh bales of cotton.The Cotton Corporation of India (CCI) has procured over 31 lakh bales (each of 170 kg) of the natural fibre crop at the minimum support price (MSP) till mid-December, accounting for over a third of the total market arrivals in the current 2024-25 marketing season."Till December 14, we have procured 31 lakh bales," CCI chairman and managing director Lalit Gupta said. The state-run entity has launched the procurement operation in all states for the 2024-25 marketing season, while most of the purchases so far have been made in Telangana and Maharashtra.According to progressive procurement data, CCI has procured over 19.94 lakh bales in Telangana and 5.42 lakh bales in Maharashtra till December 14. Andhra Pradesh has procured over 1.8 lakh bales so far, while Karnataka has procured over 1.66 lakh bales.In Gujarat, the largest cotton producing state, CCI has procured 88,506 bales, while Madhya Pradesh has procured 86,882 bales. In Odisha, CCI has procured 21,148 bales, Rajasthan 13,507 bales, Haryana 5576 bales and Punjab 279 bales. In West Bengal, 234 bales have been procured.At the highest level of last year's procurementRaw cotton prices are trading below MSP levels due to weak demand from yarn mills and bearish trend in cotton prices. The Centre has announced MSP of ₹7,121 per quintal for medium variety and ₹7,521 per quintal for long variety for 2024-25 marketing season, an increase of 7 per cent over last year.CCI had procured 33 lakh bales during 2023-24 marketing season. CCI, which started procurement from Telangana in the second fortnight of October for the current marketing season, is set to surpass last year's figures by a big margin.Gupta had earlier said CCI's procurement for the 2024-25 marketing season could be between 50-70 lakh bales of 170 kg each.According to data from trade body Cotton Association of India (CAI), daily market arrivals have already crossed 2 lakh bales. The arrivals on Monday were 2.126 lakh bales of 170 kg each and total arrivals across the country in the current season were over 83.30 lakh bales. As per CAI estimates, cotton production during 2024-25 is estimated to be 302.25 lakh bales of 170 kg each, down by about 7 per cent compared to 325.29 lakh bales last year. This is due to reduction in acreage and adverse weather conditions affecting production in some states.Read more :- Rupee falls 1 paisa to all-time low of 84.92 against US dollar in early trade
Early trading saw the rupee drop 1 paisa to its lowest point ever, 84.92 against the US dollar.The rupee depreciated by 9 paise to close at an all-time low level of 84.89 (provisional) against the US dollar on Monday, dragged down by a negative trend in domestic equities.Sensex declined 350.98 points in early trade; Nifty down 100.8 points Benchmark indices Sensex and Nifty closed lower on Monday due to weak global cues amid caution ahead of the US Fed interest rate decision later this week...read more :- Indian rupee ended 8 paise lower at 84.87 per dollar on Monday versus Friday's close of 84.79.
The Indian rupee closed at 84.87 per dollar on Monday, 8 paise less than its finish of 84.79 on Friday.At close, the Sensex was down 384.55 points or 0.47 percent at 81,748.57, and the Nifty was down 100.05 points or 0.40 percent at 24,668.25. About 2220 shares advanced, 1748 shares declined, and 94 shares unchanged.READ MORE :-Cotton Market Update: Prices expected to rise this year; sale of stored cotton by farmers.
Cotton Market Update: Farmers are selling their stored cotton, and prices are predicted to increase this year.Maharashtr a: Cotton is being procured by CCI in the cotton yard since November 13 and 1 lakh 10 thousand quintals of cotton has been procured on nine cotton ginning and pressing in a month. Farmers are selling cotton due to failure of the expectation of price increase. Meanwhile, the arrival of cotton will increase in the coming timeCotton is being procured by CCI in the cotton yard of the market committee in Selu (district Parbhani) city since November 13 and 1 lakh 10 thousand quintals of cotton has been procured on nine cotton ginning and pressing in a month. Farmers are selling cotton due to failure of the expectation of price increase. Meanwhile, such is the picture that the import of cotton will increase in the coming time.After the timely arrival of monsoon this year, the cultivation of Kharif season crops like cotton, soybean, tur, moong and urid was completed by the end of June. Since the irrigated area in the taluk is very less, farmers have to depend on rainwater. Therefore, the financial support of farmers in the taluk is on the income of two crops, cotton and soybean in the Kharif season. The number of cotton ginning presses in the city is high.Apart from this, there are also cotton-based industries. Therefore, every year lakhs of quintals of cotton are purchased in the market committee and private mandis. Apart from this, a large amount of cotton is also imported from other districts. This year, cotton was cultivated in the highest area of 33 thousand 330 hectares in the Kharif season.Farmers had worked hard by buying expensive seeds, fertilizers and medicines. After satisfactory rains in June and July, the cotton crop was damaged due to heavy rains for two consecutive days in August and September, when the Kharif crops were blooming.Due to heavy rains, the fields remained waterlogged for several days and the crops turned yellow. Cotton was sown in two crops. Cotton is not getting the expected price in the private market for the last three years. Therefore, the government has started purchasing cotton from CCI at a guaranteed price of 7,521 quintals. However, the price is given on the basis of the grade of cotton. However, due to heavy rains, the quality of cotton has been affected and it has become difficult for farmers to recover their cost.Vehicles lined up to sell cotton■ Cotton is being purchased by CCI at 9 cotton pressing gins in the city since November 13.■ Farmers were expecting a good price for cotton. Some farmers had kept cotton at home for several months in the hope of price increase.■ However, farmers are seen selling cotton to CCI with the guaranteed price as they are not getting the price even after waiting for several months.read more :- Rupee falls 3 paise to 84.83 against US dollar in early trade
In early trading, the rupee drops 3 paise to 84.83 versus the US dollar.The rupee fell 3 paise to 84.83 against the US dollar in early trade on Monday, dragged down by a muted trend in domestic equities and elevated crude oil prices. Forex traders said the rupee remains in a weakening mode due to dollar demand from importers and foreign banks.read more :-Indian rupee ended 7 paise higher at 84.79 per dollar on Friday versus Thursday's close of 84.86.
The Indian rupee closed at 84.79 per dollar on Friday, 7 paise higher than its closing price of 84.86 on Thursday.At close, the Sensex was up 843.16 points or 1.04 percent at 82,133.12, and the Nifty was up 219.60 points or 0.89 percent at 24,768.30. About 1741 shares advanced, 2086 shares declined, and 114 shares unchanged.read more :-Rupee rises to 84.83 against US dollar in early trade
Early trading sees the rupee rise to 84.83 versus the US dollar.At the interbank foreign exchange, the rupee opened at 84.85 and inched up further to 84.83 against the greenback, registering a gain of 5 paise from its previous close.read more :-Haryana: Government purchase of cotton limited to papers, neither the commission agents are aware... nor the farmers are aware
This evening, the rupee fell 3 paise to settle at 84.86 vs the US dollarAt the close, the Sensex was down 236.18 points or 0.29 per cent at 81,289.96, and the Nifty was down 93.10 points or 0.38 per cent at 24,548.70. About 1440 stocks advanced, 2395 declined and 102 stocks remained unchanged.read more :- Haryana: Government purchase of cotton limited to papers, neither the commission agents are aware... nor the farmers are aware
Haryana: The government only buys cotton for paper, and neither the farmers nor the commission agents are aware of this.Charkhi Dadri (Punit): Government purchase of cotton in the district is limited to papers only. Government purchase of cotton is not visible in the mandis of the district. However, the officials of the Market Committee claim that government purchase of cotton is being done in the district and about 1500 quintals have also been purchased. On the other hand, Radheshyam Mittal, Deputy Chief of Charkhi Dadri Commission Agent Association, said that government purchase of cotton is not being done in the district due to which commission agents and farmers are suffering losses. He has also demanded the government to start the purchase of cotton in Charkhi Dadri district. Apart from this, farmers have also refused to have government purchase.Let us tell you that during the Kharif season in Charkhi Dadri district, mainly millet, guar and cotton are cultivated. During the Kharif season 2024, cotton was sown by farmers in about 45 thousand acres in the district. Due to pink bollworm and bad weather, cotton production did not come up to the expectations of the farmers. On the other hand, farmers have suffered losses as their crops are not being purchased under MSP and farmers are forced to sell their crops at very low prices. Although the market committee officials claim that government procurement of cotton is being done, but according to their claim, only 1500 quintals of cotton has been purchased which is like a drop in the ocean.Arhatiya Association demanded to start government procurementCharkhi Dadri Arhatiya Association's Deputy Chief Radheshyam Mittal said that cotton has been purchased in many districts but the purchase of cotton has not started in Charkhi Dadri district yet, due to which arhatiyas and farmers are suffering losses. He said that Charkhi Dadri district produces a good amount of cotton and during the season, farmers are reaching the market with 10 to 15 thousand quintals of cotton per day and even now with about 1500 quintals of cotton per day, but due to lack of government procurement, farmers are not getting proper prices. Due to which commission agents and farmers are suffering losses. He has demanded from the government that government procurement of cotton should be started in Charkhi Dadri district as well.Government procurement of cotton is being done: Joint SecretaryCharkhi Dadri Market Committee Joint Secretary Vikas Kumar said that government procurement of cotton is being done in Charkhi Dadri district. CCI has given permission to 4 to 5 mills to purchase. He said that about 1500 quintals of cotton has been purchased in the district so far.Farmers are not aware of the procurement.Farmer Satbir Phogat and others said that they have no information about government procurement in the district. No cotton has been purchased from farmers under government procurement. Farmers allege that if cotton is bought from big commission agents and sent directly to the mills, they are not aware of it, but cotton has not been bought in the market till now.Read More :> Rupee Hits Near All-Time Low at 84.85 vs Dollar
Rupee against. Dollar Drops to Nearest All-Time Low of 84.85Mumbai, Dec 12 (PTI) The rupee fell 2 paise to near all-time low of 84.85 against the US dollar in early trade on Thursday on the back of foreign fund outflows and rising crude oil prices.Read More :>Cotton farmers in Telangana facing procurement problems: Congress MP
This evening, the rupee gained 2 paise against the dollar, closing at Rs 84.83At the close, the Sensex rose 16.09 points or 0.02 per cent to close at 81,526.14 and the Nifty rose 31.75 points or 0.13 per cent to close at 24,641.80. Around 2053 stocks advanced, 1772 declined and 109 stocks remained unchanged.Read More :- Cotton farmers in Telangana facing procurement problems: Congress MP
Congress MP: Telangana cotton growers are having trouble with procurementHyderabad : Cotton farmers in Telangana are facing several difficulties due to the procurement practices of the Cotton Corporation of India (CCI), Bhongir MP Chamala Kiran Kumar Reddy said on Tuesday while handing over letters highlighting farmers' grievances to Union Agriculture Minister Shivraj Singh Chouhan and Union Textiles Minister Giriraj Singh in New Delhi.These concerns were raised by Telangana Agriculture and Farmers Welfare Commission chairman Kodanda Reddy, he said. The MP said small and marginal farmers are particularly affected by the stringent procurement conditions of the CCI.Bhongir MP Chamala Kiran Kumar Reddy said on Tuesday while handing over letters highlighting farmers' grievances to Union Agriculture Minister Shivraj Singh Chouhan and Union Textiles Minister Giriraj Singh in New Delhi.The MP said small and marginal farmers are particularly affected by the stringent procurement conditions of the CCI. "Farmers are concerned over certain hurdles created by CCI on the pretext of quality check and supply mode. Though they understand the importance of grading, outright refusal to purchase their cotton in some cases is unacceptable," the MP said in his letter.He also criticised local CCI officials for issuing verbal directions on packaging and other parameters, calling it an 'afterthought' which is adding to the woes of farmers. He said farmers use bags to protect cotton from contamination during transportation."CCI should accept the cotton brought by farmers without raising unnecessary objections. It is surprising that CCI is even objecting to the use of bags by farmers," he said.Read More :- Telangana's first cotton research centre to come up in Adilabad
This evening, the rupee fell 12 paise to settle at 84.85 vs the US dollarAt the close, the Sensex was up 1.59 points or 0.00 per cent at 81,510.05, and the Nifty was down 8.95 points or 0.04 per cent at 24,610.05. About 1970 stocks advanced, 1828 declined and 122 stocks remained unchanged.Read More :- Cotton purchases surge as soybean sales slow, with just three weeks remaining until the end of the buying season.
Cotton purchase increased, soybean slowdown, only 3 weeks left for purchase to endThe purchase of cotton at the support price in the district has increased, but the pace of soybean purchase is slow. While it has been seven weeks since the purchase started. So far only 6 thousand quintals of soybean have been purchased in the district. Here, CCI's cotton purchase has picked up pace. So far, CCI has purchased 30 thousand quintals of cotton in Khandwa and Mundi Mandi.Purchase of soybean and cotton continues in the district at the support price. Soybean is being purchased at 8 centers in the district from October 25, while cotton is being purchased by the Cotton Corporation of India in the Upaj Mandi and Mundi Upaj Mandi located in Khandwa. But farmers are giving more importance to the purchase of cotton when they get higher prices than the market, whereas in the case of soybean's government price being lower than the market and not getting cash payment, farmers are keeping distance from the purchase centers.This situation has arisen because the situation of soybean purchase in the district is bad because the farmers are not ready to sell the produce on the strict rules made by the government for purchase. They are not even getting cash payment for selling the produce. The situation is such that till now 393 farmers have sold only 6 thousand 755 quintals of cotton to the government at the government price.The purchasing situation at eight centers in the last seven weeks is not good. Farmers have sold only 6 thousand 755 quintals of soybean at these centers till now. According to the District Marketing Association, till 9th December, 338 quintals of produce have been purchased at the Central Warehouse of Tehsil Cooperative Agricultural Marketing Association Marketing Khandwa, 122.50 quintals at the center Jai Bhole Warehouse Gudi Kheda of Tehsil Cooperative Agricultural Marketing Association Marketing Khandwa, 2724 quintals at Krishna Warehouse of Seva Sahakari Samiti Pandhana, 992 quintals at Mantri Warehouse in Harsud Co-operative Marketing Society, New Harsud, 1631 quintals at Shri Balaji Warehouse Kehlari of Seva Sahakari Samiti Mundi, 265 quintals at Siddhi Warehouse of Seva Sahakari Samiti Gambhir, 117 quintals at Dheer Warehouse of Krishak Cooperative Marketing & Processing Committee Khalwa and 608 quintals of produce have been purchased at Akshita Agro Warehouse Punasa located at Seva Sahakari Samiti Richfal.Read more : Rupee Falls 7 Paise to 84.73 vs US Dollar
Rupee drops 7 paise against the US dollar to 84.73.Mumbai, Dec 9 (PTI) The rupee fell 7 paise to trade at 84.73 against the US dollar in early trade on Monday dragged down by foreign fund outflows and a muted trend in domestic equities.Read More :> Telangana's first cotton research centre to come up in Adilabad
| title | Created At | Action |
|---|---|---|
| Rupee falls 12 paise to all-time low of 85.06 against US dollar in early trad | 19-12-2024 10:42:47 | view |
| The rupee closed 5 paise lower at 84.95 against the dollar this evening | 18-12-2024 16:17:24 | view |
| India's cotton textile exports drop by 29% compared to 2021-22 | 18-12-2024 11:20:16 | view |
| Rupee falls 1 paisa to 84.92 against US dollar in early trade | 18-12-2024 10:24:20 | view |
| Indian rupee ended marginally lower at 84.90 per dollar on Tuesday versus Monday's close of 84.87. | 17-12-2024 16:21:28 | view |
| CCI procures 31 lakh bales of cotton by mid-December | 17-12-2024 12:04:45 | view |
| Rupee falls 1 paisa to all-time low of 84.92 against US dollar in early trade | 17-12-2024 10:16:54 | view |
| Indian rupee ended 8 paise lower at 84.87 per dollar on Monday versus Friday's close of 84.79. | 16-12-2024 15:58:17 | view |
| Cotton Market Update: Prices expected to rise this year; sale of stored cotton by farmers. | 16-12-2024 12:13:39 | view |
| Rupee falls 3 paise to 84.83 against US dollar in early trade | 16-12-2024 10:39:38 | view |
| Indian rupee ended 7 paise higher at 84.79 per dollar on Friday versus Thursday's close of 84.86. | 13-12-2024 16:11:07 | view |
| Rupee rises to 84.83 against US dollar in early trade | 13-12-2024 10:22:46 | view |
| The rupee weakened by 3 paise to close at 84.86 against the dollar this evening. | 12-12-2024 16:09:57 | view |
| Haryana: Government purchase of cotton limited to papers, neither the commission agents are aware... nor the farmers are aware | 12-12-2024 12:33:21 | view |
| Rupee Hits Near All-Time Low at 84.85 vs Dollar | 12-12-2024 10:16:35 | view |
| The rupee strengthened by 2 paise to close at Rs 84.83 against the dollar this evening | 11-12-2024 16:41:21 | view |
| Cotton farmers in Telangana facing procurement problems: Congress MP | 11-12-2024 11:40:18 | view |
| The rupee declined by 12 paise to close at 84.85 against the dollar this evening. | 10-12-2024 16:32:24 | view |
| Cotton purchases surge as soybean sales slow, with just three weeks remaining until the end of the buying season. | 10-12-2024 11:58:57 | view |
| Rupee Falls 7 Paise to 84.73 vs US Dollar | 10-12-2024 10:29:20 | view |
