Cotton prices gain as demand increases on weakening rupee

Cotton prices in India have increased further on demand from spinning mills and the trade. Domestic prices are tracking the upward movement in the global price trend, even as the weakening of the rupee against the dollar is making imports expensive. On Friday, Cotton Corporation of India (CCI), currently the largest stock holder in the country, increased the natural fibre’s prices by Rs 300 per candy (356 kgs). Including today’s revision, CCI’s price list has improved by Rs 1,900 a candy since t...