Rupee rises 2 paise to 83.24 against US dollar in early tradeThe rupee rose 2 paise to 83.24 against the US dollar in early trade on Tuesday, helped by positive equity market trends even as concerns remained over the conflict in the Middle East.
SIMA calls for relook at power sector policies for textile industryThe Southern India Mills Association (SIMA) has appealed to the Tamil Nadu government to review its policies related to energy for textile industry.“Tamil Nadu has been the most attractive destination for new investments mainly due to its unique energy policies relating to wind power, open access power, third party power etc., thus making the power intensive sectors like textiles to remain competitive when compared to any other States in the country. To achieve the growth, strengthening the policy initiatives already implemented by the State Government is necessitated,” said S.K. Sundararaman, chairman of the association.Out of 15 million spindles of over 20 years old capacity in the country, Tamil Nadu has 12 million spindles that account for nearly 60% of the total capacity. Unless appropriate policies are announced or the power tariff revision rolled back to the level before September 2022, most of the textile mills in the State will be closed in a few years.Since power cost accounts for more than 45% of the manufacturing cost in the textile industry, it has become a governing factor for any textile unit to sustain its viability, and make investments in modernisation, expansion and green field projects.Further, the Tangedco does not incur losses due to banking as captive wind energy consumers not only compensate all the losses on account of banking, but also provide scientific data relating to wind forecast. The life of wind turbines generators is estimated to be 25 years for the purpose of determining the wind tariff while Tangedco has taken a decision to discontinue banking facility and is advocating repowering of old windmills.“It has become essential for the Government of Tamil Nadu to have a relook at the policies relating to the textile industry, particularly the power tariff, to sustain the survival of the industry,” he said.source : THE HINDU BUREAU
Today the Sensex closed with a decline.This evening, the rupee closed at Rs 83.26 with a weakness of 1 paise against the dollar.Today the Sensex fell by about 483.24 points and closed at the level of 65512.39 points. Whereas Nifty closed at the level of 19512.30 points with a fall of 141.20 points.
Rupee opened strongly against dollar. Today the rupee opened 2 paise stronger at Rs 82.22 against the dollar. At the same time, on Friday the rupee closed at Rs 83.24 against the dollar with a weakness of 1 paise.
This evening the rupee closed at Rs 83.25 against the dollar without any movement. Today the stock market closed with a rise. Today Sensex closed at 65995.63 points with a rise of 364.06 points.Whereas Nifty closed at the level of 19653.50 points with a gain of 107.70 points.
Pakistan: The decline in cotton market continues.LAHORE: The Spot Rate Committee of Karachi Cotton Association (KCA) on Thursday reduced the spot rate by Rs 2,00 per maund and closed it at Rs 17,500 per maund. The local cotton market remained bearish and the trading volume remained satisfactory.Cotton analyst Naseem Usman said that the cotton rate in Sindh is Rs 16,000 to Rs 17,000 per maund. The rate of footi in Sindh is between Rs 6,500 to Rs 7,500 per 40 kg.The rate of cotton in Punjab is between Rs 16,500 to Rs 17,200 per maund and the rate of cotton in Punjab is between Rs 6,500 to Rs 7,500 per 40 kg.The rate of cotton in Balochistan is between Rs 16,500 to Rs 16,700 per maund while the rate of cotton is between Rs 7,000 to Rs 8,200 per 40 kg.1200 bales of Dherki were sold at Rs 18,100 to Rs 18,200 per maund, 1800 bales of Saleh Pat were sold at Rs 17,000 to Rs 17,600 per maund, 400 bales of Sui Gas were sold at Rs 17,000 per maund, 600 bales of Mir Pur Khas were sold. Rs 15,500 per maund, 1200 bales of Mehraab Pur were sold at Rs 17,300 to Rs 17,400 per maund, 1200 bales of Tando Edam were sold at Rs 16,800 to Rs 17,000 per maund, 600 bales of Rohri were sold at Rs 17,000 per maund. Maund, 1600 bales of Khair Pur were sold at Rs 17,000 to Rs 17,600 per maund, 1000 bales of Rahim Yar Khan, 600 bales of Sadiqabad, 600 bales of Khan Pur were sold at Rs 17,800 per maund, 200 bales of Samundari were sold at Rs. Rs 16,500 per maund, 600 bales of Fakir Wali were sold at Rs 17,800 per maund, 800 bales of Fort Abbas were sold at Rs 17,500 to Rs 18,000 per maund, 4800 bales of Mian Wali were sold at the rate of Rs 17,500 to Rs 17,900 per maund. 600 bales of Chistian were sold at Rs 17,500 to Rs 17,650 per maund, 400 bales of Tunsa Sharif were sold at Rs 17,500 to Rs 17,800 per maund, 400 bales of Bhakhar were sold at Rs 17,500 per maund, Laiya 1800 bales were sold. 17,500 to 17,800 per maund, 200 bales of Donga Bonga were sold at Rs 17,800 per maund, 2800 bales of Yajman Mandi, 2400 bales of Harunabad were sold at Rs 17,500 to 17,800 per maund and 800 bales of Shujabad were sold at Rs 17,800 per maund. Rs 17,600 to Rs 18,000 per head.KCA's Spot Rate Committee reduced the spot rate by Rs 2,00 per maund and closed it at Rs 17,500 per maund. Polyester fiber was available at Rs 370 per kg.
Today the stock market closed with a rise.Today Sensex closed at 65631.57 points with a gain of about 405.53 points. Whereas Nifty closed at the level of 19545.80 points with a gain of 109.70 points.This evening, the rupee closed at Rs 83.25 against the dollar with a weakness of 1 paise.
This evening the rupee closed at Rs 83.24 against the dollar with a weakness of 3 paise.Heavy fall in stock market, Sensex falls by 286 pointsToday the stock market closed with a decline. Today the Sensex fell by about 286.06 points and closed at the level of 65226.04 points. Whereas Nifty fell by 79.70 points and closed at the level of 19449.10 points.
Pakistan: Strong trend in cotton marketLAHORE: The local cotton market remained stable on Tuesday with low trading volume.Cotton analyst Naseem Usman said that the cotton rate in Sindh is Rs 16,500 to Rs 18,500 per maund. The rate of footi in Sindh is between Rs 6,800 to Rs 8,000 per 40 kg.The rate of cotton in Punjab is between Rs 17,700 to Rs 18,500 per maund and the rate of cotton in Punjab is between Rs 7,000 to Rs 8,500 per 40 kg. The rate of cotton in Balochistan is between Rs 16,800 to Rs 17,200 per maund while the rate of cotton is between Rs 8,000 to Rs 8,800 per 40 kg.About 400 bales of Dherki were sold at Rs 18,500 per maund, 200 bales of Ghotki, 200 bales of Panu Akil were sold at Rs 18,200 per maund, 1600 bales of Saleh Pat were sold at the rate of Rs 17,500 to Rs 17,700 per maund. Sold, 1400 bales of Khairpur were sold at Rs 17,450 to 17,700 per maund, 600 bales of Dadu were sold at Rs 18,000 per maund, 1800 bales of Rohri were sold at Rs 17,450 to 17,700 per maund, 1800 bales of Karondi were sold at Rs 17,450. 17,500 per maund, 600 bales of Mir Pur Khas were sold at Rs 16,000 per maund, 800 bales of Tando Edam were sold at Rs 17,200 to Rs 17,300 per maund, 4800 bales of Mian Wali were sold at Rs 18,200 to Rs 18,500 per maund. 200 bales of Miyan Channu were sold at Rs 18,100 per maund, 200 bales of Shadan Lund were sold at Rs 18,000 per maund, 400 bales of Tunsa Shaif were sold at Rs 18,000 per maund, 600 bales of Fakir Wali were sold at the rate of Rs 18,000 per maund. Sold at the rate of Rs per maund. 18,200 per maund, 400 bales of Bakkhar were sold at Rs 18,000 per maund, 800 bales of Rahim Yar Khank, 400 bales of Sadiqabad, 200 bales of Kot Sabzal, 800 bales of Fort Abbas were sold at Rs 18,500 per maund, 1000 bales of Harunabad were sold at 18 ,200 To Rs 18,500 per maund, 1000 bales of Shujabad were sold at Rs 18,300 to 18,500 per maund, 2200 bales of Layya were sold at Rs 18,000 to Rs 18,500 per maund, 3600 bales of Yajman Mandi were sold. 300 bales of Hasil Pur were sold at Rs 18,200 to Rs 18,300 per maund and 300 bales of Hasil Pur were sold at Rs 18,500 to Rs 18,550 per maund.Spot rate remained unchanged at Rs 18,000 per maund. Polyester fiber was available at Rs 370 per kg.
This evening the rupee closed at Rs 83.20 against the dollar with a weakness of 16 paise.Heavy fall in stock market, Sensex falls by 316 pointsToday the stock market closed with a decline. Today Sensex fell by 316.31 points and closed at the level of 65512.10 points. Whereas Nifty closed at the level of 19528.80 points with a fall of 109.50 points.
Pakistan: Final Presentation in Business MarketLAHORE: The local coin market remained stable on Monday with low trading volume. Cotton valuable Naseem Usman said that the coin price in Sindh is Rs 16,500 to Rs 18,500 per maund. The rate of footi in Sindh ranges between Rs 6,800 to Rs 8,000 per 40 kg. The coin rate in Punjab is between Rs 17,700 to Rs 18,500 per maund and the footi rate in Punjab is between Rs 7,000 to Rs 8,500 per maund.The rate of Cuba in Balochistan ranges from Rs 16,800 to Rs 17,200 per maund while the rate of footi ranges between Rs 8,000 to Rs 8,800 per 40 maund.Saleh Pat's around Rs 800 per maund, Rs 17,800 per maund, Dadu's Rs 600 per maund, Rohri's Rs 1,000 per maund, Khair Pur's Rs 1600 per maund, Rs 17,700 to 17,800 per maund. 600 shops of Lia fell at the rate of Rs 18,000 per maund, Yazman Mandi fell at the rate of Rs 2400 per maund, 200 shops of Mian Wali and 600 stories of Shujabad fell at the rate of Rs 18,500 per maund.The Spot Rate Committee of Karachi Association increased the rate by Rs 300 per maund per month and closed it at Rs 18,000 per maund. Restaurant rates are available at Rs 8 per rest per rest and Rs 370 per rest on the lower route.
Rupee falls 17 paise to open at 83.21 against the US dollarThe Indian rupee opened 17 paise lower against the US dollar on Tuesday weighed down by a stronger greenback and spike in US treasury yields that rose to fresh multi-year highs after the US averted a partial government shutdown. The local currency opened at 83.21 a dollar as against previous close of 83.04.Stock market crashes, Sensex falls by 299 points Today started with a decline in the stock market. Today BSE Sensex opened with a fall of 298.58 points at the level of 65529.83 points. Whereas NSE's Nifty opened with a fall of 94.90 points at the level of 19543.40 points.
This evening, the rupee strengthened by 14 paise and closed at Rs 83.04 against the dollar.Stock market is booming, Sensex 320 points strongerToday the stock market closed with a rise. Today Sensex closed at 65828.41 points with a rise of 320.09 points. Whereas Nifty closed at the level of 19638.30 points with a gain of 114.80 points.
Pakistan: Cotton market remains stable.LAHORE: The local cotton market remained stable on Thursday with low trading volume.Cotton analyst Naseem Usman said that the cotton rate in Sindh is Rs 16,500 to Rs 18,500 per maund.The rate of footi in Sindh is between Rs 6,000 to Rs 7,800 per 40 kg. The rate of cotton in Punjab is between Rs 17,500 to Rs 18,500 per maund and the rate of cotton in Punjab is between Rs 7,000 to Rs 8,800 per 40 kg. The rate of cotton in Balochistan is between Rs 16,800 to Rs 17,000 per maund while the rate of cotton is between Rs 7,500 to Rs 9,000 per 40 kg.200 bales of Ghotki were sold at Rs 18,500 per maund (Primark), 800 bales of Tando Edam were sold at Rs 16,900 to Rs 17,200 per maund, 800 bales of Shahdad Pur were sold at Rs 16,700 to Rs 17,200 per maund. 1000 bales were sold in Rani Pur, 200 bales of Saleh Pat were sold at Rs 17,300 to Rs 17,700 per maund, 600 bales of Halani, 800 bales of Karaundi were sold at Rs 17,300 to Rs 17,500 per maund, 1000 bales of Mehraab Pur were sold at Rs 17,500 per maund. Yes. Rs 17,600 per maund, 400 bales of Lodharan were sold at Rs 17,650 per maund, 200 bales of Chishtian at Rs 18,300 per maund, 800 bales of Miyan Wali were sold at Rs 18,300 to Rs 18,500 per maund, 200 bales of Donga Bonga were sold at Rs. Rs 18,200 per maund, 600 bales of Laiya were sold at Rs 18,200 to Rs 18,300 per maund, 400 bales of Toba Tek Singh were sold at Rs 17,850 per maund, 500 bales of Burewala were sold at Rs 17,700 to Rs 17,800 per maund. 1000 bales of Maund, Rahim Yar Khan were sold at Rs 18,000 to Rs 18,200 per maund, 800 bales of Harunabad were sold at Rs 18,200 to Rs 18,300 per maund, 400 bales of Fort Abbas, 200 bales of Marot were sold at Rs 18,200. Sold at the rate of per maund. 1000 bales of maund, Chichawatni were sold at the rate of Rs 18,000 per maund.Spot rate remained unchanged at Rs 17,700 per maund. Polyester fiber was available at Rs 378 per kg.
Estimates of 10 to 50% loss in cotton fields from Rajasthan to Haryana.The damage caused by pink bollworm is more widespread and severe than ever beforeIn Hanumangarh, Rajasthan, Sukhdev Singh has been growing cotton on six acres for decades, even before the advent of genetically modified Bt hybrids.Pink bollworm (PBW) can be blamed for Leo's troubles. Outbreaks of this pest are common in the cotton belt of northern Rajasthan, Haryana and south-western Punjab since 2021. But this time the damage reported is much more extensive and serious. Even on Thursday, the Rajasthan government announced that farmers in Hanumangarh and Ganganagar districts whose crops have been affected will get relief within 10 days.PBW larvae penetrate the developing fruits (bolls) of cotton plants, and damage affects both the weight and quality of harvested bolls containing lint fiber and seeds.From Hanumangarh and Ganganagar in Rajasthan to Sirsa districts of Haryana, The Indian Express found varying degrees of pest infestation on cotton (raw unginned cotton) plants. In many farms, the damage was almost complete, rendering all efforts made to no avail.“The Bt seeds we sow now are not working against PBW. Yet there is no one to monitor or assess the damage. We noticed the damage in July and informed the pesticide dealers. They simply prescribed more pesticides, but they were not effective,” said Gursewak Singh, a farmer. He said agriculture department officials asked him to sow seeds in more widely spaced rows, but that too did not work.Sukhpal Singh, who farms on 2.5 acres in Bangu village of Sirsa, expects a yield of 2.5 quintals of cotton per acre this year. In 2020, before PBW was first observed, it was 10 quintals per acre. Singh has to pay Rs 9-10 per kg to laborers who pick his cotton. Earlier, due to ease of picking, they used to charge Rs 7 per kg. Now, as the granaries have either shrunk or closed completely, workers are unwilling to accept lower wages.Including the amount invested by Singh for seeds, fertilizers and pesticides, diesel and labour, the cost of cotton cultivation comes to around Rs 15,000 per acre. A yield of 2.5 quintals would fetch him Rs 17,250 (at Rs 7,000 per quintal, but varying according to quality), he would hardly be able to make any money. “Sometimes, I feel it would be better to leave the field fallow rather than growing this crop. Next year I will cultivate guar. It may not even give any returns, but it would be better if I wait until a better variety of cotton comes in the market,'' he said.Singh estimates he will get around Rs 8,000 per acre from guar: “We are back to where we were 20 years ago, before the advent of Bt seeds.”Dr CD Mayi, chairman of the South Asia Biotechnology Centre, a Jodhpur-based agricultural science organisation, said Bt cotton – which contains genes from soil bacteria that code for proteins toxic to the American bollworm – has demonstrated its efficacy against PBW. Have lost.“Farmers had to plant non-Bt cotton along with BT on the edges of the field. Growing non-Bt as a cover crop would have delayed the evolution of resistance to PBW and prolonged the life of Bt. The apathy and absence of monitoring from the state agriculture department also did not help,” Mayi said.Both the state governments are fully aware of this crisis. Haryana Agriculture Director Dr. Narhari Bangar said that according to his estimates for this season, there has been 50 percent loss in the 25 percent areas where cotton is cultivated. “The Haryana government gives compensation in two ways – insurance and disaster relief fund. If the loss is more than 25 percent, the disaster relief fund will come. We are monitoring the situation and issue an advisory every 15 days. We also visited the area on September 1 to assess the damage caused this season,” he said.Rajasthan Agriculture Commissioner Gaurav Aggarwal said that according to his estimate there has been a loss of 10-50 percent. “We will find out the actual loss after this year's harvest experiment... Pink bollworm infestation is higher this year because of the early rains which make it favorable for the insects to grow and flourish.”Source: The Indian Express
Indian rupee strengthened against US dollarAfter closing at Rs 83.24 on Wednesday, the rupee opened 2 paise higher at Rs 83.22 against the dollar.Share market rose today, Sensex opened 129 points higher.Today the stock market started with a rise. Today BSE Sensex opened at 66248.15 points with a rise of 129.46 points. Whereas NSE's Nifty opened at the level of 19746.80 points with a gain of 30.30 points.
In the evening, the rupee strengthened by 1 paise and closed at Rs 83.22 against the dollar.Share market rises, Sensex closes 173 points higherToday the stock market closed with a rise. Today Sensex closed at 66118.69 points with a gain of 173.22 points. Whereas Nifty closed at the level of 19716.50 points with a gain of 51.80 points.
Rupee once again opens flat against dollar, Asian currencies fallThe domestic currency was trading at 83.24 against a dollar, up 0.01 per cent from its previous close of 83.23. Rupee opened at 83.22.Today started with a decline in the stock market.Today BSE Sensex opened at 65777.04 points with a gain of 168.43 points.Whereas NSE's Nifty opened at the level of 19618.80 points with a gain of 45.90 points.
This evening, the rupee closed at Rs 83.23 against the dollar with a weakness of 9 paise.Further decline in stock market, Sensex closed down by 78 pointsToday the stock market closed with a decline. Today the Sensex fell by about 78.22 points and closed at the level of 65945.47 points. Whereas Nifty fell by 9.80 points and closed at the level of 19664.70 points.
Fall in processing charges good news for textile unitsAhmedabad: Textile processing units, which are undergoing a rough patch, have seen job work processing charges come down. Prices of coal and colour chemicals have significantly decreased despite fluctuations, also bringing down the average charges for the units by around 15%.For most Ahmedabad-based units, which are running at around 60% capacity due to low demand and high competition, this reduction brings good news.Gaurang Bhagat, president of Maskati Kapad Market Mahajan said, “Input costs have decreased so traders are now getting their job work done at lower prices. This is good for Ahmedabad’s processing sector because many traders place job work orders for rayon and polyester in Surat due to cost advantage.”Director of a leading textile processing house said, “Competition is high in this sector. Although there have been some fluctuations, overall, the prices of coal, lignite and colour chemicals have come down in the last six months.Around three months ago, coal accounted for 27% of our total cost, which has now come to around 23%.Similarly, colour chemicals prices are significantly down from their high three to four months ago.”Naresh Sharma, former vice president of Ahmedabad Textile Processors’ Association (ATPA) said, “Various units have made changes in processing based on their order flow. While input costs have come down, overall orders are low. So, to utilise capacities, some units have reduced their processing charges.”A senior official of the Gujarat Mineral Development Corporation (GMDC) said, “Domestic lignite prices have seen a decline in the past few months. In the last six months, prices are down to the range of Rs 800-Rs 1,300 per tonne for various mines. Currently, lignite from Mata no Madh and Umarsar costs Rs 2,770 per tonne and Rs 2,360 per tonne from Bhavnagar, excluding transportation cost.”
| title | Created At | Action |
|---|---|---|
| Rupee rises 2 paise to 83.24 against US dollar in early trade | 10-10-2023 10:33:11 | view |
| SIMA calls for relook at power sector policies for textile industry | 09-10-2023 17:45:14 | view |
| Today the Sensex closed with a decline. | 09-10-2023 16:34:15 | view |
| Rupee opened strongly against dollar. | 09-10-2023 09:19:07 | view |
| This evening the rupee closed at Rs 83.25 against the dollar without any movement. | 06-10-2023 16:21:25 | view |
| Pakistan: The decline in cotton market continues. | 06-10-2023 11:11:46 | view |
| Today the stock market closed with a rise. | 05-10-2023 16:31:23 | view |
| This evening the rupee closed at Rs 83.24 against the dollar with a weakness of 3 paise. | 04-10-2023 16:29:28 | view |
| Pakistan:Strong trend in cotton market | 04-10-2023 10:39:24 | view |
| This evening the rupee closed at Rs 83.20 against the dollar with a weakness of 16 paise. | 03-10-2023 16:20:16 | view |
| Pakistan: Final Presentation in Business Market | 03-10-2023 13:41:35 | view |
| Rupee falls 17 paise to open at 83.21 against the US dollar | 03-10-2023 09:14:48 | view |
| This evening, the rupee strengthened by 14 paise and closed at Rs 83.04 against the dollar. | 29-09-2023 16:21:54 | view |
| Pakistan: Cotton market remains stable. | 29-09-2023 11:03:26 | view |
| Estimates of 10 to 50% loss in cotton fields from Rajasthan to Haryana. | 29-09-2023 09:03:27 | view |
| Indian rupee strengthened against US dollar | 28-09-2023 10:50:22 | view |
| In the evening, the rupee strengthened by 1 paise and closed at Rs 83.22 against the dollar. | 27-09-2023 16:46:48 | view |
| Rupee once again opens flat against dollar, Asian currencies fall | 27-09-2023 10:52:39 | view |
| This evening, the rupee closed at Rs 83.23 against the dollar with a weakness of 9 paise. | 26-09-2023 17:17:00 | view |
| Fall in processing charges good news for textile units | 26-09-2023 11:23:11 | view |
