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On Friday, the Indian rupee opened 8 paise higher against the dollar at 95.36, whereas it had closed at 95.44 on Thursday.The Nifty 50 opened at 24,346, down 50 points or 0.20%, while the BSE Sensex opened at 77,828.65, down 251 points or 0.32%.Read More :-  Cotton Rally May Lose Momentum

Will the rally in cotton prices stall? Atul Ganatra outlines the market outlookIn a recent interview with CNBC Awaaz, Mr. Atul Ganatra (CMD, Radha Lakshmi Group) shared key insights regarding the potential direction of the cotton market. He noted that ICE Cotton Futures, which stood at 80–81 cents about ten days ago, have risen to 84–85 cents. During the same period, Indian cotton prices also increased from ₹65,000 to approximately ₹68,000 per candy.At current rates, the cost of cotton for spinning mills in South India—including delivery charges—works out to around ₹71,000 per candy. Based on this cost, the manufacturing expense for 30s count yarn comes to approximately ₹310–320 per kilogram, whereas mills in Gujarat are selling the same yarn for around ₹295 per kilogram. Consequently, mills purchasing cotton at these high prices could face a loss of ₹15–20 per kilogram.For this reason, the ongoing rally in cotton prices appears likely to pause. Furthermore, spinning mills are holding record levels of cotton stock this year, with an inventory sufficient for about 150 days. New buying by mills is also expected to remain limited at these elevated price levels.Mills reportedly held a stock of approximately 85 lakh bales as of July 31. Additionally, the CCI holds 25–26 lakh bales, while traders hold around 25 lakh bales. There is also a possibility of importing about 10 lakh bales. Considering the arrivals of both old and new cotton, stocks are expected to remain adequate by the end of the season.Ultimately, the direction of the Indian cotton market will depend largely on ICE Cotton Futures, and the domestic market is likely to track the movement of ICE Cotton.read more :- Rupee weakens by 08 paise against the dollar, closes at 95.44

The Indian rupee weakened by 08 paise against the US dollar on Thursday, closing at 95.44 per dollar.The rupee opened at the 95.36 level. Amidst fluctuations during trading, the domestic currency closed at 95.44 per dollar, marking a decline of 08 paise.At close, the Sensex rose 113.61 points, or 0.15%, to 78,079.96, while the Nifty fell 40.10 points, or 0.16%, to 24,395.85. Market breadth remained nearly balanced, with 2,088 shares advancing, 2,052 declining and 174 unchanged.read more :- Navarro Backs Trump-Modi Talks

Navarro’s Major Statement: Trump-Modi Talks Could Resolve Russian Oil Tariff Dispute*New Delhi:* Peter Navarro, the senior counselor for trade and manufacturing policy in the US, has stated that US President Donald Trump and Prime Minister Narendra Modi share a "very good working relationship." He expressed hope that the two leaders could resolve ongoing trade differences regarding India's Russian oil imports through dialogue.Responding to a question from ANI, Navarro also addressed the sharp reaction in India following an article he had previously written on India-Russia oil trade. He noted that he had penned the piece regarding India's increased purchase of Russian oil during the Russia-Ukraine war.According to Navarro, oil trade between India and Russia was not at current levels prior to the war, but India significantly increased its purchase of Russian crude oil after the conflict began. He also alleged that the trade in refined petroleum products linked to Russia bolstered Russia's war capabilities.Recalling the backlash his article sparked in India, Navarro mentioned that he faced harsh criticism from Indian internet users. He also urged against such reactions.Navarro stated that the existing differences between India and the US should be resolved at the level of Trump and Modi themselves. Citing the good rapport between the two leaders, he remarked that the intervention of a third party in this process would not be appropriate.This statement comes amidst ongoing concerns regarding potential US trade actions concerning India's purchase of Russian energy.On August 7, 2026, the US Senate passed the ‘Lindsey O. Graham Sanctioning Russia and Iran Act of 2026’ by a vote of 86-11. The proposed legislation includes a provision empowering the US President to impose tariffs of up to 100 percent on goods imported from certain major nations that purchase oil or gas from Russia. However, **a 100 percent tariff on India has not been immediately imposed.** For this bill to become law, it must pass through the subsequent stages of the US legislative process, followed by necessary action from the President.India and China are among the major buyers of Russian crude oil. Consequently, there are concerns regarding the potential impact of the proposed US sanctions and tariff provisions on trade relations with both nations.Navarro's latest statement comes at a time when trade talks between India and the US are ongoing. His remarks suggest that efforts could be made to resolve existing differences between the two countries through dialogue and diplomatic initiatives at the level of top leadership.read more :- India ITME 2026 Roadshow Begins

India ITME 2026 Roadshow Kicks Off in CoimbatoreThe India ITME Society launched the promotional campaign for India ITME 2026 with a special preview event held in Coimbatore. The 12th edition of this premier textile machinery and technology exhibition is scheduled to take place from December 4 to 9, 2026, at the India Expo Centre & Mart in Greater Noida. Key stakeholders from the textile industry participated in the event.Ketan Sanghvi, Chairman of the India ITME Society, stated that the 2026 edition would be the largest event in the India ITME series to date. It is expected to feature over 1,800 exhibitors, participation from more than 95 countries, and an anticipated footfall of over 150,000 visitors. Spanning an area of approximately 240,000 square meters across 18 exhibition halls, the event is set to become a major global platform for the textile machinery and engineering industry.Centered on the theme ‘ITME Next’, the exhibition will place special emphasis on advanced textile machinery, sustainable manufacturing, and next-generation textile technology. Technologies promoting resource efficiency, the circular economy, and the reduction of environmental impact will also be highlighted, aligning with initiatives such as ‘Make in India’, PM MITRA Parks, and the National Technical Textiles Mission.Prabhu Damodaran, Convener of the Indian Texpreneurs Federation (ITF), noted that the current environment is favorable for the Indian textile industry following years of challenges. He identified FTAs, GST reforms, robust supply chains, and the growing importance of nearshoring as significant opportunities for India. He also emphasized the need for continuous investment in technology, innovation, and product development.A two-day international conference titled ‘Textile Horizons’ will be held on December 5–6 during India ITME 2026. Additionally, a CEO Conclave and the ITME Technical Awards will be key highlights of the event. Dr. Seema Srivastava, Executive Director of the India ITME Society, expressed gratitude for the industry's continued support.read more :-  The rupee opened 3 paise lower against the dollar at 95.36.

On Thursday, the Indian rupee opened 3 paise lower against the dollar at 95.36, compared to its previous close of 95.33 on Wednesday. The BSE Sensex opened at 78,111.91 and was down 161.17 points, or 0.21%, at 77,805.18 by 9:22 am. The NSE Nifty 50 opened at 24,431.60 and was down 90.55 points, or 0.37%, at 24,345.40.Read More :-  Maharashtra Cotton, Soybean Sowing Trails

Cotton and Soybean Sowing Lower in Maharashtra Compared to Last YearAs of August 10, 2026, cotton and soybean sowing in Maharashtra has been lower compared to the same period last year.Cotton: Cotton has been sown across 37.86 lakh hectares so far this year. By August 11 last year, the figure stood at 38.39 lakh hectares. This indicates a shortfall of 53,835 hectares in cotton sowing this year.Oilseeds: Total oilseed sowing this year covers 49.85 lakh hectares, compared to 50.70 lakh hectares last year. This represents a decrease of 84,691 hectares in oilseed sowing.Soybean: Soybean sowing has been carried out on 48.33 lakh hectares this year, down from 49.26 lakh hectares last year. This marks a reduction of 93,320 hectares in soybean sowing.Impact of RainfallTimely and adequate rainfall is crucial for cotton and soybean crops; good rainfall promotes better crop growth.However, continuous heavy rainfall leading to water stagnation in fields can damage the crop and increase the risk of disease.Conversely, prolonged dry spells between rainfall events can lead to soil moisture depletion in rain-fed areas.Market OutlookWith cotton and soybean sowing trailing last year's figures, market attention in the coming days will focus on rainfall patterns, soil moisture levels, and the overall condition of the crops.read more :- Rupee strengthens by 7 paise against the dollar to close at 95.33

On Wednesday, the Indian rupee strengthened by 7 paise against the US dollar, closing at 95.33 per dollar.The rupee opened at the level of 95.40 per dollar during the trading session. Amidst fluctuations throughout the day, the domestic currency recovered and finally closed at 95.33 per dollar. A gain of 7 paise was recorded compared to Tuesday.At close, the Sensex was down 187.90 points or 0.24 percent at 77,966.35, and the Nifty was down 35.75 points or 0.15 percent at 24,435.95. About 1808 shares advanced, 2327 shares declined, and 153 shares unchanged.read more :- Telangana to Open 131 CCI Cotton Centres

Government to Open 131 CCI Procurement Centers This SeasonThe state government has decided to open 131 Cotton Corporation of India (CCI) cotton procurement centers during the 2026-27 cotton marketing season. In the previous season, 122 CCI procurement centers were opened in the state.Agriculture Minister Tummala Nageswara Rao held a meeting on Tuesday with officials from the CCI, Agriculture, and Marketing departments to review preparations for cotton procurement this season. He instructed officials to prevent any role for middlemen in the procurement process. The Minister noted that the majority of cotton farmers in the state are small and marginal, and their farming relies primarily on rainfall.According to the Minister, cotton cultivation is estimated to cover approximately 46.33 lakh acres in the state this year, with production likely to reach around 25.85 lakh tonnes. The central government has announced a Minimum Support Price (MSP) of ₹8,667 per quintal for long-staple cotton grown in Telangana and certain other states. This is an increase of ₹557 per quintal compared to the previous year.In addition to CCI procurement centers, 356 ginning mills in the state will also be notified as cotton procurement centers. The Minister directed officials to take the necessary steps to open ginning mills across all categories (L1 to L12) either simultaneously or within a maximum interval of 15 to 30 days.Cotton arrivals in the state are expected to begin in the second fortnight of October. Officials have been instructed to transfer crop booking data to the ‘Cotton Farmer App’ via the NIC and to announce the season's average cotton yield based on weather conditions. Farmers achieving yields higher than the average will also be issued digital yield certificates through Agriculture Extension Officers.read more :- India Cotton Stock Rises to 140.24 Lakh Bales

A SUMMARISE REPORT ON PRESENT COTTON SCENARIO (POSITION AS ON 31/07/2026) (Each bale170 kgs.)▪️Total pressing estimate during crop year 2025-2026 is estimated as 339.00 lakh bales & considering above , the closing stock at the end of season 25-26 ,september 30th 2026 is calculated as 93.59 lakh bales , higher by 38.00 lakh bales of last year closing.▪️Cotton consumption in this cotton season may touch 348.00 lakh bales and upto 31-07-2026 about 290.00 lakh bales reported as consumed. (SIS)▪️Export upto July-2026 end is found total 12.25 lakh bales against estimation  for this season year of 15.00 lakh bales .Upto 31-July-2026 about 12.25 lakh bales are estimated to have been shipped by the country.▪️It is revealed that during current crop  end total 62.00 lakh bales may be imported. Upto July-2026 about 54.00 lakh bales have been arrived at different indian ports. (SIS)▪️Kepping in view the above , total cotton supply upto 30.sept.2026 is calculated to the tune 456.59 lakh bales, consisting of opening stock, total pressing & import. (SIS)▪️As on 31-JuLY-2026 closing stock is estimated at 140.24 lakh bales out of which stock with the mills is found to the tune of 87.00 lakh bales where as with CCI/MFED MNCS, Ginner , Treaders and Exporters it comes around 53.24 lakh bales.

On Tuesday, the rupee closed at 95.44 per dollar, while today it opened at 95.40 per dollar with a gain of 4 paise.Indian markets open lower on August 12, 2026; The BSE SENSEX opened at 78,263.33 and fell to around 78,023.12 in early trade. Market mood remains cautious due to rising crude oil prices and weak signals from Wall Street amid ongoing tensions in the Middle East.Read More :- India Buys Record Russian Oil