Indian rupee drops further against US dollar, UAE dirham

News Network
November 11, 2021

The Indian rupee depreciated by 20 paise to 74.54 against the US dollar (20.31 versus the UAE dirham) on Thursday morning, weighed down by a lacklustre trend in the Indian equity market and the firm American dollar.

At the Indian interbank foreign exchange, the rupee opened on a weak note at 74.44, then lost further ground and touched 74.54 against the dollar in initial deals, registering a decline of 20 paise from Wednesday’s close.

Reliance Securities said the rupee opened weaker tracking strengthening dollar and US bond yields. "Globally worries over inflation persist and will weigh on sentiments," it said in a note released on Thursday.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose by 0.10 per cent to 94.94.

The US dollar surged after US consumer prices increased to their highest rate since 1990, fuelling speculation that the Federal Reserve may raise interest rates sooner than expected, the Reliance Securities note said.

On the Indian equity market front, the 30-share Sensex was trading 420.68 points or 0.70 per cent lower at 59,932.14, while the broader NSE Nifty declined 129.50 points or 0.72 per cent to 17,887.70.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
November 25,2021

acbraid.jpg

Shivamogga, Nov 25: Anti Corruption Bureau (Eastern Zone) conducted raids at Joint Director of Gadag Agriculture Department, TS Rudreshappa's houses at and recovered 9.4 kg gold ornaments, eight acres of agriculture land documents and Rs 15,94,000 cash.

Besides the gold ornaments, cash, land documents, the ACB also recovered three kg silver, two cars, three bikes and home appliances worth Rs 20 lakh, said ACB.

"A total of 9 kg and 400 grams of gold ornaments, 3 kg silver, two cars, 3 bikes, 8 acres agriculture land documents, Rs 15, 94,000 cash and 20 lakh worth of home appliances were recovered during a raid," said ACB.

Close to 50 ACB officials pounced on his office and a rented house at Hudco Colony in Gadag and his Chalukya Nagar house in Shivamogga on Wednesday.

The cops raided the officer’s house and the agriculture department office at 6 am and searched the premises for over seven hours.

ACB Inspector Basavaraj Badnur told reporters, “Agriculture Joint Director Rudreshappa T S is staying alone at a rented premise at Hudco Colony in Gadag. His family stays in Shivamogga. During our search at the house and the office, we found documents of two cars. While Innova is in his mother-in-law’s name, Nexon car is owned by his wife.”

Yet another team had visited his native Tanigere in Channagiri taluk of Davangere district. The cops have found eight-acre agricultural land and are verifying if it was inherited or purchased by the officer in question.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
November 26,2021

New Delhi, Nov 26: The Centre will resume regular international flights from December 15, barring 14 countries, people familiar with the development said on Friday. 

The countries which do not feature on the list are the UK, France, Germany, Netherlands, Finland, South Africa, Brazil, Bangladesh, Botswana, China, Mauritius, New Zealand, Zimbabwe and Singapore, sources said. 

The decision has been taken in consultation with the health ministry in light of the Covid situation across the world, especially the emergence of new variants. On Thursday, South Africa confirmed a new variant of Coronavirus which is believed to be more transmissible and vaccine-evasive. 

The variant has been reported in Botswana and Hong Kong as well apart from South Africa. India is not resuming regular international flight operations with Botswana and South Africa.

With some of the countries on the list India has a travel bubble that permits a certain number of flights a week, which will continue, officials explained.

Regular international flights operations were suspended in March 2020 owing to the Coronavirus pandemic. The civil aviation ministry started Vande Bharat flights to ferry Indians who got stuck in other countries during the pandemic. After the Vande Bharat flights, the ministry entered into air bubble agreements with some countries allowing international travel.

With the number of Covid cases steadily going down and the vaccine coverage in the country going up, the Centre was mulling easing restrictions regarding international travel. Two days ago, civil aviation secretary Rajiv Bansal said the ministry is working towards allowing international passenger flights from this year-end.

Civil aviation minister Jyotiraditya Scindia too recently expressed the ministry's keenness to resume normal international travel operations. “We are evaluating the process. We are coming back to normalcy. First, we allowed 100% passenger capacity in our domestic flights and now we allowed in-flight meals in those flights," Scindia said at an industry summit.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
November 15,2021

 

It took Australia seven attempts but under Aaron Finch they finally laid their hands on a maiden Twenty20 World Cup title on Sunday with an eight-wicket triumph over New Zealand.

The 20-overs trophy drought for one-day cricket's most successful team was an aberration for Finch, who had oozed confidence that Australia would be "rectifying" the wrong.

Mitchell Marsh and David Warner combined for a 92-run stand to trump New Zealand captain Kane Williamson's side after his masterly knock had taken them to a competitive total.

Williamson capitalised on an early reprieve to fire his team to 172-4 which they failed to defend in the end.

It was a stunning turnaround for an Australia team which had lost five T20 series on the trot heading into the World Cup.

They came into their own only in the semi-finals when they stunned former champions Pakistan, the tournament's only unbeaten team until then.

Awaiting them in the final were reigning test champions New Zealand, easily the game's best cross-format side, who have made a habit of reaching the finals of global events.

Six years after beating New Zealand to win a fifth ODI World Cup, Australia lifted their first men's 20-overs world title.

Fireworks lit up the sky to celebrate the success of a team which had been written off after their wretched build-up.

Before that, Warner and Marsh had treated the crowd at the Dubai International Stadium with their batting pyrotechnics.

Warner's best

Warner's own performance reflected his team's extraordinary journey in the tournament.

His place in the side was debated after his Indian Premier League franchise dropped the left-hander from their squad.

Warner struggled in the warm-up matches but regained his mojo and strung together scores of 89 not out, 49 and 53 in their last three matches.

He walked away with the man-of-the-tournament and Finch was not surprised.

"You didn't expect that? I certainly did," the Australia captain told reporters.

"He's someone who when his back is against the wall, that's when you get the very, very best of David Warner."

Marsh was adjudged man-of-the match for his unbeaten 77 not out off 50 balls, which trumped Williamson's 85 off 48 balls.

Thirty four years after his father Geoff helped Australia win their maiden ODI World Cup, Marsh played a key role in helping his country win their first 20-overs world crown.

For New Zealand, who finished runners-up to England in the 2019 ODI World Cup, it was yet another white-ball heartbreak.

Graceful as ever, the 31-year-old Williamson was fulsome in his praise for Australia while proud of his team's display.

"If you look at the campaign as a whole, and the type of cricket that we have been able to play, I can say that we are very proud of our efforts throughout this period of time.

"You get to a final and anything can happen," he added. 

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.