Cotton futures edge lower on rising arrivals

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Cotton futures edged lower on MCX on rising arrivals from major producing belts. Though, expectation of rising export demand from Asia, capped some losses in cotton futures.

The contract for November delivery was trading at Rs 15840.00, down by 0.31% or Rs 50.00 from its previous closing of Rs 15890.00. The open interest of the contract stood at 2534.00 lots.

The contract for December delivery was trading at Rs 15930.00, down by 0.25% or Rs 40.00 from its previous closing of Rs 15970.00. The open interest of the contract stood at 6478.00 lots on MCX.

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