Rupee declines 13 paise to 82.75 against dollar
The Hindu
Investors turned cautious in view of a negative trend in domestic equities and rising crude prices in the global markets.
The rupee depreciated 13 paise to settle at 82.75 (provisional) against the U.S. dollar on Tuesday as investors turned cautious in view of a negative trend in domestic equities and rising crude prices in the global markets.
Besides, renewed forex outflows and a waning appetite for riskier assets also dragged down the local unit, forex dealers said.
However, a sharp decline in the greenback against major rivals overseas restricted the rupee's loss, they added.
At the interbank forex market, the local unit opened weak at 82.69 against the greenback and witnessed an intra-day high of 82.69 and a low of 82.88.
It finally ended at 82.75 against the American currency, a decline of 13 paise over its previous close of 82.62.
On the domestic equity market front, the BSE Sensex ended 103.90 points or 0.17% lower at 61,702.29, while the broader NSE Nifty fell 35.15 points or 0.19% to 18,385.30.
Brent crude futures, the global oil benchmark, advanced 0.73% to $80.38 per barrel.
“We are judges and therefore, cannot act like Mughals of a bygone era ... the writ courts in the guise of doing justice cannot transcend the barriers of law,” the High Court of Karnataka observed while setting aside an order of a single judge, who in 2016 had extended the lease of a public premises allotted to a physically challenged person to 20 years contrary to 12-year period stipulated in the law.
The High Court of Karnataka on Monday declined to interfere, at present, in the investigation against a Bharatiya Janata Party worker, who is among the accused persons facing charges of circulating obscene clips, related to “morphed” images and videos clips related to Prajwal Revanna, former Hassan MP, in public domain through pen drives and other modes.
The 16th edition of Bhoomi Habba was held on June 8, at the Visthar campus. The festival drew a vibrant crowd who came together to celebrate eco-consciousness through a variety of engaging activities, creative workshops, panel discussions, interactive exhibits and performances, all centered around this year’s theme: “Save Water, Save Lives.”