Cotton prices have started rising at a time when the rupee is appreciating. It is a double whammy for textile exporters as it will impact the competitiveness of Indian products in the international market and hit price realisation in rupee terms. Prices in the cotton futures market has moved up 7 per cent from the low of Rs. 19,970 per bale (one bale is 170 kg) in February to Rs. 21,360 in March on reports of improving demand from China and domestic mills.