The rupee depreciated by 9 paise and settled at its all-time low level of 83.13 against the US dollar on Wednesday, weighed down by a surge in crude oil prices and strong American currency. Forex traders said the Indian rupee depreciated as the US dollar rose to the highest levels in six months. Moreover, elevated crude oil prices also weighed on rupee.
The Aam Aadmi Party (AAP) and the Asaduddin Owaisi-led All India Majlis e Ittehadul Muslimeen seem to have dented the Congress's sway over the votes of minorities in Gujarat in the just concluded assembly polls, bringing down the main Opposition party's vote margin considerably in various seats across the state.
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The rupee plunged 58 paise to close at an all-time low of 81.67 (provisional) against the US dollar on Monday as the strengthening of the American currency overseas and risk-averse sentiment among investors weighed on the local unit. Moreover, escalation of geopolitical risks due to conflict in Ukraine, a negative trend in domestic equities and significant foreign fund outflows sapped investor appetite, forex traders said. At the interbank foreign exchange market, the local currency opened at 81.47, then fell further to close at an all-time low of 81.67 against the American currency, registering a decline of 58 paise over its previous close.
The event was preceded by a mega rally organised by an outfit called Swayam Sainik Dal (SSD) in Gujarat's capital Gandhinagar, which saw participation from thousands of people, mostly Dalits and tribals.
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The rupee depreciated 11 paise to a record low of 78.96 against the US dollar in opening trade on Wednesday, weighed down by persistent foreign capital outflows. At the interbank foreign exchange, the rupee opened on a weak note at 78.86 against the American dollar, then lost ground to quote at 78.96 -- its all-time low level, registering a fall of 11 paise from the last close. On Tuesday, the rupee plunged by 48 paise to close at record low of 78.85 against the US dollar.
Bareta, who was one of the accused in the incidents related to the desecration of a religious text in Faridkot in 2015, was declared a proclaimed offender.
Board of Control for Cricket in India president Sourav Ganguly said their players refused to play the fifth and final Test against England due to COVID-19 concerns and denied that the upcoming IPL had played any part in the decision.
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"Deeply saddened to inform that ex-Mumbai cricketer and scorer Ranjita Rane has passed away," a senior Mumbai Cricket Association official said.
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Rusty cables, broken anchor pins, and loose bolts were among the lapses that were not addressed while renovating the suspension bridge in Morbi which collapsed last month into the Machchhu river killing 135 people, as per a preliminary probe by the Forensic Science Laboratory (FSL).
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The rupee depreciated 39 paise to an all-time low of 82.69 against the US dollar in early trade on Monday as elevated crude oil prices and risk-averse sentiment among investors weighed on the local unit. Moreover, a negative trend in domestic equities and firm American currency sapped investor appetite, forex traders said. At the interbank foreign exchange, the rupee opened at 82.68 against the greenback, then slipped further to 82.69, registering a fall of 39 paise over its previous close.
The ruling BJP has named Kalpesh Parmar as its candidate for the Matar seat, which was represented by Solanki in 2014 and 2017.
The rupee rose by 12 paise to close at 79.78 against the US dollar on Monday due to a weak dollar in overseas markets and an improved appetite for riskier assets. Stronger regional currencies also supported the rupee sentiment ahead of the US Fed policy decision on Wednesday. Weak domestic equities and FII outflows, however, capped sharp gains. At the inter-bank forex market, the local unit opened at 79.86 against the greenback and moved in a range of 79.70 to 79.87 in the day trade.
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Patel was administered the oath as the 18th chief minister by Governor Acharya Devvrat at a function held at the Helipad Ground near the new Secretariat.
Additional director general of police, Surinder Pal Singh Parmar, said the security arrangement is a positive message that the situation is normal in Punjab.
Cyclone Biparjoy made landfall near Jakhau Port in Gujarat on Thursday evening with a wind speed of 115-125 kmph gusting to 140 kmph as heavy rains lashed the coastal region, where several areas plunged into darkness due to power cuts and a large number of trees, electric poles and hoardings got uprooted.
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The rupee on Friday rebounded from the near-80 levels to close higher by 17 paise at 79.82 against the US currency following a recovery in the domestic stocks and weakness in the greenback in overseas markets. The US dollar retreated from the two-decade high levels against a basket of six currencies which supported the rupee sentiment. At the interbank foreign exchange market, the local currency opened at 79.95 and witnessed an intra-day high of 79.82 and a low of 79.96 against the US dollar in the day trade. ,
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The rupee plunged 90 paise to close at an all-time low of 80.86 (provisional) against the US dollar on Thursday after the US Federal Reserve's interest rate hike and its hawkish stance weighed on investor sentiments. Forex traders said the US Fed's rate hike and escalation of geopolitical risk in Ukraine sapped risk appetite. Moreover, the strength of the American currency in the overseas market, a muted trend in domestic equities, risk-off mood and firm crude oil prices weighed on the rupee.
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A magisterial court in Mehsana on Thursday convicted Gujarat independent MLA Jignesh Mevani and nine others in a five-year-old case of holding an 'Azadi march' without permission and sentenced them to three months' imprisonment.
It is understood that a lot of focus was on how to build combinations for the World Cup.
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