Cotton prices rose above the psychological barrier of Rs5,000 per maund on Friday as buyers rushed to replenish their stocks at higher level.
The buying surge is believed to be due to rise in the dollar’s value against the rupee which has improved export parity of textile goods.
Besides, firming up prices on world markets, including that of New York, also induced buying activity. It is interesting to note that Indian cotton market, which is glutted with cotton, also stood steady.
Though
Dutch design duo Viktor Horsting and Rolf Snoeren have revealed plans to halt the production of their label's ready-to-wear line after the autumn/winter 2015 season in order to turn their full attention to Viktor & Rolf's couture collections, fragrances and licensed businesses.
The move is described by Renzo Rosso, the majority shareholder of the OTB Group, parent company of the fashion label as "a strategic decision to position the Viktor & Rolf brands in the highest luxury segment o
