'The rupee falling from 69 to 72 was not normal or justified by the fundamentals.' 'And therefore I treat this as temporary.'
'Life will not improve overnight; it will happen in a gradual manner.'
The three heavily-armed terrorists killed by the Border Security Force in Samba district had infiltrated into Jammu and Kashmir to carry out a chain of terror attacks by blowing up running trains and tracks with chained IEDs and hard to detect liquid explosives, a top force official said on Wednesday.
Young Yuki Bhambri brought India back in the Davis Cup match against New Zealand after Somdev Devvarman was beaten in the opening singles.
Several households along the IB sustained damages in the overnight mortar-shelling from across the border, local residents said.
BSF chief K K Sharma said Pakistani forces are deliberately trying to "create a flash point" to facilitate infiltration of terrorists into India and asserted that these designs will be foiled.
Two army jawans and a woman were killed while 11 people were injured as Pakistani troops targetted villages and security posts at various places in Jammu and Kashmir since Friday night which triggered migration of hundreds of people from some border areas.
In escalating ceasefire violations that continued on the night of October 7, Pakistani troops targeted over 40 Border Out Posts and 25 border hamlets with heavy mortar shells in Jammu sector and LoC areas in Poonch district, leaving 12 people including a JCO injured. Military officials of India and Pakistan discussed on the hotline the cross-border firing in Jammu and Kashmir but there was no signs of a solution.
Heavy mortar shelling and firing by Pakistani troops continued unabated along the International Border in Jammu and Kashmir on Wednesday killing two more people -- both women -- even as a "massive" reply was being given from the Indian side.
In one of the worst ceasefire violations by Pakistan, 5 villagers were killed and 34 injured on Monday in heavy mortar shelling and firing from across the international border and Line of Control in Jammu and Poonch sectors, triggering strong condemnation by India
The prospects for strong, sustained economic reforms do not appear to be promising in India.
Some experts, however, see a silver lining in the fall and said the volatility has come down sharply and that bodes well for the Indian currency
Saina Nehwal's wish to be in her home team came true as Hyderabad Hotshots bought the Indian star for USD 120,000 but world number one Lee Chong Wei proved to be the costliest, going to Mumbai Masters for USD 135,000 in the inaugural Indian Badminton League's players auction on Monday.
In the near term, the key driver will still be the government's fiscal spending.
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