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19-Jul2017

Cotton futures edge higher on rising demand

Cotton futures edged higher on MCX on reports of heavy rains in major producing belts of Gujarat. Besides, rising demand from domestic mills also fuelled the uptrend.

The contract for July delivery was trading at Rs 20160.00, up by 0.25% or Rs 50.00 from its previous closing of Rs 20110.00. The open interest of the contract stood at 4443 lots.

The contract for October delivery was trading at Rs 18430.00, up by 0.11% or Rs 20.00 from its previous closing of Rs 18410.00. The open interest of the contract stood at 701 lots on MCX.


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