Indian rupee crashes to new low amidst US trade tariff tensions

Agencies
February 3, 2025

The Indian rupee plummeted to a historic low of 87.29 per dollar on Monday. This decline is attributed to escalating trade tariffs imposed by US President Donald Trump amid global market uncertainties.

Having already depreciated over 1.5% this year, the rupee's latest tumble is regarded as a repercussion of tariff measures enforced by the US government. The currency opened with a substantial gap-down of 43 paise, hitting a low of 87.29 before rebounding to 87.13 following a Reserve Bank of India (RBI) intervention. 

Currency expert KN Dey explained to ANI that the tariff war, ignited by the US against Canada, Mexico, and China, is responsible for the rupee's decline. KN Dey noted, "Rupee opened with a gap of 43 paisa which was one of the highest gap openings, touched a new low of 87.29, but is now trading at 87.13 due to RBI intervention."

The situation remains fluid as President Trump has also hinted at possible tariffs on BRICS nations, including India. KN Dey cautioned, "Though Trump has been threatening BRICS countries also, it remains as to when he would press the button. This could be a knee-jerk reaction on the Rupee, but it's better to wait and watch for a couple of days." 

On a broader scale, this pressure on the rupee is mirrored by a strengthening US dollar against global currencies. Monday saw the Canadian dollar and Mexican peso dip to multi-year lows and the Chinese yuan weaken to a historic low. The US government announced an imminent 25% tariff on imports from Canada and Mexico and a 10% tariff on Chinese goods.

Market analysts suggest this may be a short-term reaction, with investors advised to observe how circumstances develop. The unfolding situation is anticipated to shape market movements significantly.

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Agencies
June 13,2025

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U.S. President Donald Trump warned Iran to “make a deal” before it’s “too late” after Israel bombarded Iranian nuclear sites and killed top regime officials overnight.

“There has already been great death and destruction, but there is still time to make this slaughter, with the next already planned attacks being even more brutal, come to an end,” Trump wrote in the early hours of Friday morning. “Iran must make a deal, before there is nothing left.”

Israel launched a massive attack on Iran on Thursday night, striking targets including nuclear facilities, regime officials, military leaders, and key atomic scientists. Tehran retaliated with more than 100 drones, according to an Israeli military spokesperson.

The strikes have triggered fears that the Middle East risks descending into another catastrophic regional war.

Iran’s Supreme Leader, Ayatollah Ali Khamenei, on Friday condemned Israel and warned that “the Zionist regime has prepared a bitter and painful fate for itself.”

Trump said he “gave Iran chance after chance to make a deal” to shutter its nuclear program, but “no matter how hard they tried, no matter how close they got, they just couldn’t get it done.”

“I told them it would be much worse than anything they know, anticipated, or were told, that the United States makes the best and most lethal military equipment anywhere in the World, BY FAR, and that Israel has a lot of it, with much more to come,” he added.

Iran’s “hardliners” did not heed warnings, and “they are all DEAD now, and it will only get worse!” he wrote.

The dramatic escalation shocked world leaders. European Commission President Ursula von der Leyen called the situation “deeply alarming” and urged all parties to exercise restraint, de-escalate, and not retaliate.

NATO Secretary-General Mark Rutte said it was “crucial” for Israel’s allies to work to de-escalate tensions.“I think that is now the first order of the day,” Rutte told journalists at a press conference in Stockholm.

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News Network
June 17,2025

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Tehran / Tel Aviv, June 17: As the Israeli aggression on Iran entered its fifth day, Zionist army’s air offensive intensified with direct strikes on civilian infrastructure killing scores of children and women. 

Israel also has bombed hospitals, media centers, and residential areas in Tehran. Iran has called the escalation “a war on civilians,” as humanitarian agencies warn of a growing catastrophe in the heart of the Iranian capital.

Here’s a step-by-step breakdown of major developments:

1. Israel Strikes Civilian Infrastructure in Tehran

•    In a marked shift from earlier military-only targets, Israeli warplanes struck key civilian infrastructure in Tehran early Monday.

•    Two hospitals – including a maternity unit – were damaged, with casualties reported among medical staff, women, and children, according to Iran’s health ministry.

•    Iran’s state-run broadcaster IRIB was also targeted, with live footage showing a news anchor abandoning her studio mid-broadcast as the building shook.

•    Several journalists are feared dead or injured. The Iranian Journalists Union condemned what it called “a blatant attack on press freedom and civilian safety.”

2. Mass Evacuations Ordered in Central Tehran

•    Iranian authorities ordered the evacuation of nearly 330,000 residents from central Tehran as fresh air raids were expected.

•    The evacuation zone includes the state broadcaster’s headquarters, major police offices, and densely populated residential areas.

•    Footage showed thousands fleeing with belongings, amid rising panic and reports of power and communication outages.

3. Smoke and Blasts Reported in Other Cities

•    Thick smoke was seen rising over the city of Tabriz in northwestern Iran after a large explosion was reported around 8:45am local time.

•    Meanwhile, Israeli cities, including Tel Aviv and Herzliya, experienced air raid sirens and reported damage due to what appears to be Iranian retaliatory strikes.

•    Jerusalem also reported loud explosions as sirens wailed across the country.

4. Israel Claims Killing Top Iranian Commander

•    The Israeli military announced the assassination of Lt. Gen. Ali Shadmani, head of Iran’s Khatam al-Anbiya Central Headquarters – a top Islamic Revolutionary Guard Corps (IRGC) official.

•    Shadmani had assumed the role after the earlier killing of Gen. Gholam Ali Rashid just three days prior.

•    Israel described him as “the most senior Iranian commander” and said he was close to Supreme Leader Ayatollah Ali Khamenei.

•    Iran has not yet officially confirmed the killing.

5. Netanyahu Makes Provocative Statement on Khamenei

•    Israeli PM Benjamin Netanyahu said killing Iran’s Supreme Leader would not escalate the conflict but rather “end it.”

•    International observers and rights groups condemned the remarks as reckless, warning against deliberate targeting of heads of state under international law.

6. Trump Calls for Tehran Evacuation, Pushes for Talks

•    Former US President Donald Trump, posting on his social platform, called for “immediate evacuation” of Tehran, writing: “IRAN CANNOT HAVE A NUCLEAR WEAPON.”

•    According to Axios, Washington is pushing for a diplomatic breakthrough.

•    Sources said talks are being explored between US envoy Steve Witkoff and Iranian Foreign Minister Abbas Araghchi to discuss both a nuclear deal and a ceasefire.

7. Humanitarian Toll Rising, Global Concern Grows

•    The UN and several human rights groups have raised alarms over the targeting of civilian areas, hospitals, and media institutions.

•    A UN official said: “These strikes risk breaching the Geneva Conventions and escalating an already volatile regional crisis.”

•    Rescue teams in Tehran reported difficulties in operating due to ongoing airstrikes, blocked roads, and damaged infrastructure.

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coastaldigest.com news network
June 13,2025

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Mangaluru, June 13: A pall of grief has descended over Kuthar in Mangaluru after a heart-wrenching tragedy claimed the life of a young girl full of promise and dreams. Hiba Aiman, just 15 years old, died on Thursday night, June 12, after falling from the balcony of her 12th-floor apartment in a high-rise residential complex under Ullal police station limits.

Hiba was the beloved daughter of local doctor couple Dr. Mamtaz Ahmad and Dr. Qamarzaha Banu. The family, known in the community for their service and warmth, lived on the 12th floor of the 18-storey building.

According to initial reports, the incident occurred when Hiba was reportedly hanging clothes in the balcony. In what appears to be a tragic accident, she lost her balance and fell, leading to her untimely demise.

A Class 10 student at a private school, Hiba was known to be bright, kind-hearted, and full of life. Her sudden passing has left not just her family but the entire neighbourhood in shock and mourning.

Ullal police have launched an investigation and are examining all aspects surrounding the incident to rule out any other possibilities.

As the community gathers around the grieving family, prayers pour in for young Hiba—a life lost too soon, leaving behind silence where once there was laughter. 
 

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