Today the rupee became stronger against the dollar. The rupee opened strongly against the dollar today. Today, the rupee opened with a strengthening of 1 paise at Rs 83.03 against the dollar. At the same time, on Wednesday, the rupee strengthened by 8 paise and closed at Rs 83.04 against the dollar.Nifty and Sensex opened with further gains today Today, BSE Sensex opened at the level of 71924.82 points with a gain of about 267.11 points. Whereas NSE's Nifty opened at 21699.00 points with a gain of 80.30 points. Today, trading started in a total of 2,061 companies in BSE.
The rupee strengthened by 8 paise and closed at Rs 83.04 against the dollar.Share market closed without any trend, Sensex rose by 272 pointsToday the stock market kept going up and down without any direction. Whenever the stock market went up, there was selling and whenever it came down, there was buying. Sensex closed at the level of 71657.71 points with a gain of about 271.50 points. Whereas Nifty closed at the level of 21618.70 points with a gain of 73.90 points.
Rupee fell against dollar today, opened 6 paise weaker The rupee opened with weakness against the dollar today. Today the rupee opened with a weakness of 6 paise at Rs 83.18 against the dollar. At the same time, on Tuesday, the rupee strengthened by 2 paise and closed at Rs 83.12 against the dollar.Nifty and Sensex had a flat start today, opened with Today BSE Sensex opened with a fall of 3.01 points at the level of 71383.20 points. Whereas NSE's Nifty opened with a gain of 13.00 points at the level of 21531.80 points.
Stock market closed with gains for the second consecutive dayToday the Sensex closed at the level of 71386.21 points with a gain of about 30.99 points. Whereas Nifty closed at the level of 21544.80 points with a gain of 31.80 points.This evening the dollar fell by 2 paise and closed at Rs 83.12 against the rupee.
Rupee strengthened against dollar today, opened 6 paise stronger The rupee opened strongly against the dollar today. Today the rupee opened 6 paise stronger at Rs 83.08 against the dollar. At the same time, on Monday, the rupee strengthened by 1 paise and closed at Rs 83.14 against the dollar.Sensex and Nifty opened with huge gainsToday, BSE Sensex opened at 71770.91 points with a gain of about 415.69 points. Whereas NSE's Nifty opened at 21640.50 points with a gain of 127.50 points. Today trading started in a total of 2,151 companies in BSE.
Spinning sector is to make up for slow pace exports, says CITITextile mill associations asked for financial assistance for India’s spinning sector, which has been harmed by the ongoing Ukraine-Russia crisis, the current Israel-Hamas war, an 11 per cent import levy on cotton, and challenges connected to Quality Control Orders on man-made fibre.The Confederation of Indian Textile Industry (CITI) requested that the one-year moratorium on principal repayment be extended, and that three-year loans under the Emergency Credit Line Guarantee Scheme (ECLGS) be converted into six-year term loans.Rakesh Mehra, chairman of CITI, also advocated for the extension of “necessary funding to alleviate the strain on working capital, on a case-by-case basis” to eliminate the unforeseen crisis afflicting the textile sector, prevent job losses of several lakh people, maintain market share, and meet the anticipated export targets.Under the ECLGS, the textile industry got essential support of Rs. 16,920 crore, accounting for nearly 6 per cent of the overall payout of Rs. 2.82 lakh crore as of 30th September 2022.As per CITI, the spinning segment is presently in a serious crisis, with a 50 per cent loss in the value of cotton yarn exports of goods, a 23 per cent drop in overall cotton textile exports, and an 18 per cent drop in total textiles and apparel items for the fiscal year 2022-23 compared to 2021-2022.
The rupee strengthened by 1 paise and closed at Rs 83.14 against the dollar.Heavy fall in stock market, Sensex closed down by 671 points and Nifty by 198 points.Today Sensex closed at 71355.22 points with a fall of 670.93 points. Whereas Nifty closed at the level of 21513.00 points with a fall of 197.80 points.
Rupee opened 6 paise stronger against dollar The rupee opened strongly against the dollar today. Today the rupee opened 6 paise stronger at Rs 83.09 against the dollar. At the same time, on Friday, the rupee strengthened by 8 paise and closed at Rs 83.15 against the dollar.Slight rise in Nifty and Sensex today Today BSE Sensex opened at 72079.45 points with a gain of about 53.30 points. Whereas NSE's Nifty opened with a gain of 21.70 points at the level of 21732.50 points. Trading started today in a total of 2,456 companies on BSE.
Bangladesh's man-made fiber imports are increasingImports of man-made fibers by Bangladeshi apparel exporters are increasing, indicating increasing use of non-cotton in diverse apparel manufacturing to capture a larger share of the emerging global market for such new textiles.In exporters' bid to meet the rapid changes in demand for textiles across the globe, imports of quality non-cotton fibers have increased by more than 13 per cent in the last calendar year, industry sources said .In a sharp change, in the year 2021, the global apparel-market size was $440 billion, with MMF-based apparel market expanding by $222 billion or 51 percent and cotton-based by $190 billion or 42 percent, a research in taste change has shown .According to Bangladesh Textile Mills Association (BTMA) data, Bangladesh imported 0.21 million tonnes of polyester and viscose fiber during the January-November period of 2023.Imports were 13.39 per cent higher than the 0.18 million tonnes purchased during the same period in 2022, the data showed.According to industry people, Bangladesh largely manufactures cotton-based apparel as 75 percent of readymade apparel sent for export is made of cotton.But, in recent times, the use of non-cotton or man-made fibers has been increasing, although the percentage has still not reached satisfactory levels, he said, and called for government policy support.Asked about the change, Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) vice-president Fazli Ehsan Shamim said MMF imports have increased in recent times in a sign of the growing use of non-cotton fibres.“This means we are producing both new products and value-added goods,” he said, adding that global demand for such goods has been increasing in the last few years.However, Mr Shamim feels that they need 'supportive' policy measures, especially customs related measures, to encourage entrepreneurs to move to such non-cotton sectors and attract investments.Farooq Hasan, president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), recently said that they aim to reach exports worth US$100 billion by 2030.“Diversification of products, fibers and markets are our key priorities to achieve that level,” he said.In recent years, he said, they have made significant investments in high value-added segments such as active wear, outwear, denim, lingerie, suits, fancy dress and formal wear.BGMEA is also working to develop luxury attire for women using age-old heritage materials Jamdani and Muslin fabrics, while the trade body is also working towards efficiency enhancement in terms of new product development and innovation, efficiency and profession skill enhancement and creation of Also focusing on capacity development. Tech-savvy industry.The trade body of apparel manufacturers and exporters has on various occasions demanded 10 per cent cash incentive for MMF-based apparel manufacturing.An exporter said production of MMF commodities requires huge investment in backward linkages and few are willing to invest amid the absence of necessary infrastructure including adequate gas supply.Exporters believe that government policy support is necessary to attract investment in the production of man-made fiber based apparel – not only to increase value addition but also to meet post-graduation challenges and remain competitive.Sector leaders urged the government to provide requisite policy support including incentives for non-cotton or man-made fiber production and take effective measures to develop expertise and technology transfer in the sector.According to a research by Research and Policy Integration for Development (RAPID) in 2022, Bangladesh can earn US$95 billion by 2030 from ready-made garment (RMG) exports if the country expands its MMF-based production along with existing cotton-made garments. May increase apparel shipments. stuff.The expected volume of exports will require Bangladesh to achieve 12 per cent and 20 per cent share of the global MMF and cotton-based commodities market respectively.According to the research findings, the country's market share in global MMF-based and cotton-based apparel is less than 5.0 percent and 16 percent, respectively.Currently, almost half of the total global apparel exports are MMF products while 42 per cent are cotton based.In contrast, the majority or more than 72 percent of Bangladesh's apparel exports are cotton based, while only 24 percent is MMF.In a sharp change, in 2021, the global apparel-market size was $440 billion, of which the MMF-based apparel market was $222 billion or 51 percent, and the cotton-based apparel market was $190 billion or 42 percent, as shown Is.
This evening, the rupee strengthened by 8 paise and closed at Rs 83.15 against the dollar.Today Sensex closed at 72026.15 points with a gain of 178.58 points. Whereas Nifty closed at the level of 21705.30 points with a gain of 46.70 points.
Rupee strengthened by 2 paise against dollar The rupee opened strongly against the dollar today. Today the rupee opened 2 paise stronger at Rs 83.21 against the dollar. At the same time, on Thursday, the rupee strengthened by 5 paise and closed at Rs 83.23 against the dollar. Nifty and Sensex opened with huge gains even todayToday, BSE Sensex opened at the level of 72114.34 points with a gain of about 266.77 points. Whereas NSE's Nifty opened at 21742.30 points with a gain of 83.70 points. A total of 2,486 companies started trading on BSE today.
Brazil's cotton production reaches record levelCotton production in Brazil reached record levels in the 2022/23 season, driven by increases in both acreage and productivity. Global supply also increased. However, demand did not increase as availability increased, as adverse economic conditions drove players away from the business, limiting sales of manufactured goods. More supply than demand led to stockpiles, leading to a decline in domestic and international cotton prices.In Brazil, prices fell significantly from January to May, despite the offseason period, due to expectations of a good harvest and weak demand. Due to the higher surplus, exports should record a good performance in 2022/23, but trades were moving at a slower pace than anticipated in early 2023, as prices were not considered attractive by sellers.Between May and June, the monthly average was stable, but in July prices were at their lowest level of the year. In the following months, exports led to less fluctuations in the monthly average, which helped reduce the domestic surplus. 2023 also saw logistics issues and high transportation costs, as well as inconsistencies in product quality, limiting trade.In 2023, the CEPEA/ESALQ index for cotton fell 24.4%, closing at BRL 4.0230/pound on December 26. Between December 29, 2022 and December 26, 2023, export parity went down by 19.4%, impacted by a decrease of 11.5%. 8.6% devaluation of dollar quotes against the Coinlook A index and the real.2022/23 crop in Brazil - According to Conab, the 2022/23 area increased by 4% compared to the previous one, totaling 1.664 million hectares. Productivity was estimated at 1,907 kg per hectare, 19.5% higher than the previous season and a record. Cotton production in 2022/23 was projected to be 3.173 million tonnes, an increase of 24.2% over the previous year and the highest in history.USDA – Global production for 2022/23 increased by 1.8% compared to 2021/22, totaling 25.395 million tonnes and sustained by higher supplies in China, India and Brazil. The United States and Pakistan recorded significant declines during the same period.
This evening, the rupee strengthened by 5 paise and closed at Rs 83.23 against the dollar.Today the Sensex closed at the level of 71847.57 points with a gain of about 490.97 points. Whereas Nifty closed at the level of 21658.60 points with a gain of 141.30 points.
Rupee opened with weakness against dollar todayThe rupee opened with weakness against the dollar today. Today the rupee opened with a weakness of 3 paise at Rs 83.31 against the dollar. At the same time, on Wednesday, the rupee closed at Rs 83.29 against the dollar with a weakness of 4 paise.Huge rise in Nifty and Sensex today Today BSE Sensex opened at 71678.93 points with a gain of about 322.33 points. Whereas NSE's Nifty opened at the level of 21600.30 points with a gain of 83.00 points. Today trading started in a total of 2,105 companies in BSE.
Tamil Nadu: Erode textile market sees increase in sales ahead of PongalWith Pongal soon to be celebrated on January 15 and 16, retail and wholesale sales have improved in the city's textile markets as traders from other districts and states have come for shopping.E.K.M. More than 3,100 shops selling textile materials operate in the state. Abdul Ghani Textile Market (Ghani Market) near Panneerselvam Park, Ashokapuram and Central Theater in the city. Similarly, weekly shops run from Monday afternoon to Tuesday night in Ghani Market, where people and traders buy materials in retail and bulk quantities.Erode Gani Market Weekly All Textile Merchants Association President K. Selvaraj told The Hindu that the demand for synthetic dress material for Pongal, especially for children, was high and the sales volume was good. “The volume of both retail and wholesale sales is around 40%,” he said, adding that traders from Vellore, Tiruvannamalai and Kallakurichi had come in large numbers and purchased material. Besides, traders from Andhra Pradesh have also made bulk purchases. “Sales will continue to improve till Pongal,” he said.
This evening, the rupee strengthened by 4 paise and closed at Rs 83.28 against the dollar.Today the Sensex fell by about 535.88 points and closed at the level of 71356.60 points. Whereas Nifty closed at the level of 21517.30 points with a fall of 148.50 points.
Rupee opened stronger against dollar today The rupee opened strongly against the dollar today. Today the rupee opened with a gain of 3 paise at Rs 83.29 against the dollar. At the same time, on Tuesday, the rupee closed at Rs 83.32 against the dollar with a weakness of 8 paise.Share market started with decline todayToday BSE Sensex opened with a fall of 204.44 points at the level of 71688.04 points. Whereas NSE's Nifty opened with a fall of 53.30 points at the level of 21612.50 points. A total of 2,360 companies started trading on BSE today.
This evening, the rupee closed at Rs 83.32 against the dollar with a weakness of 8 paise.Today Sensex closed at 71892.48 points with a fall of 379.46 points. Whereas Nifty closed at the level of 21665.80 points with a fall of 76.10 points.
Revamp of cotton farming to help boost production in IndiaIn a move aimed at arresting the declining cotton production in India, the Union government plans to promote the shift of cotton cultivation from disease-infested fields to disease-free cultivatable and irrigated areas within Haryana, Rajasthan, Punjab, Maharashtra, and Telangana.Shifting of cultivation means farmers in identified disease-free districts will be encouraged to change from conventional crops to cotton and those in infected areas would be motivated to shift to other crops.The plan could double cotton production to 30 quintal per acre. This comes in the backdrop of cotton area, production and productivity registering a declining cotton production trend of 31.6 million bales in 2023-24 from 33.6 million bales in 2022-23.In recent years, there has been a sharp decline in ‘white gold’ production, as per textile ministry data. Annual production in 2017-18 was 37 million bales (170 kg each) that fell to 33.3 million bales next year. After growth in 2019-20 (36.5 million bales), it slipped to 35.2 million bales in 2020-21 and 31.1 million in 2021-22.
Rupee came close to all time low against dollar, fell further by 8 paise even today The rupee opened with weakness against the dollar today. Today the rupee opened with a weakness of 8 paise at Rs 83.32 against the dollar. At the same time, on Monday, the rupee closed at Rs 83.24 against the dollar with a weakness of 3 paise.Nifty and Sensex started with a decline Today BSE Sensex opened with a fall of 157.56 points at the level of 72114.38 points. Whereas NSE's Nifty opened with a fall of 28.90 points at the level of 21713.00 points. Today, trading started in a total of 2,759 companies on BSE.
| title | Created At | Action |
|---|---|---|
| Today the rupee became stronger against the dollar. | 11-01-2024 10:33:34 | view |
| *The rupee strengthened by 8 paise and closed at Rs 83.04 against the dollar* | 10-01-2024 16:35:44 | view |
| Rupee fell against dollar today, opened 6 paise weaker | 10-01-2024 09:58:03 | view |
| This evening the dollar fell by 2 paise and closed at Rs 83.12 against | 09-01-2024 16:44:17 | view |
| Rupee strengthened against dollar today, opened 6 paise stronger | 09-01-2024 09:56:48 | view |
| Spinning sector is to make up for slow pace exports, says CITI | 08-01-2024 18:33:07 | view |
| The rupee strengthened by 1 paise and closed at Rs 83.14 against | 08-01-2024 17:26:40 | view |
| Rupee opened 6 paise stronger against dollar | 08-01-2024 10:00:25 | view |
| Bangladesh's man-made fiber imports are increasing | 05-01-2024 17:31:04 | view |
| This evening, the rupee strengthened by 8 paise and closed at Rs 83.15 against the dollar. | 05-01-2024 16:29:27 | view |
| Rupee streng thened by 2 paise against dollar | 05-01-2024 10:22:22 | view |
| Brazil's cotton production reaches record level | 04-01-2024 17:59:36 | view |
| This evening, the rupee strengthened by 5 paise and closed at Rs 83.23 against the dollar. | 04-01-2024 16:29:40 | view |
| Rupee opened with weakness against dollar today | 04-01-2024 10:15:18 | view |
| Tamil Nadu: Erode textile market sees increase in sales ahead of Pongal | 03-01-2024 18:30:52 | view |
| This evening, the rupee strengthened by 4 paise and closed at Rs 83.28 against the dollar. | 03-01-2024 16:34:24 | view |
| Rupee opened stronger against dollar today | 03-01-2024 10:19:58 | view |
| This evening, the rupee closed at Rs 83.32 against the dollar with a weakness of 8 paise. | 02-01-2024 16:40:02 | view |
| Revamp of cotton farming to help boost production in India | 02-01-2024 11:01:44 | view |
| Rupee came close to all time low against dollar, fell further by 8 paise even today | 02-01-2024 10:22:39 | view |
