Rupee falls 18 paise to 86.88 against US dollar in early trade
Mumbai (PTI): The rupee depreciated 18 paise to 86.88 against the US dollar in early trade on Tuesday as month-end dollar demand and sustained foreign fund outflows weighed on the local unit.
Forex traders said the domestic unit traded with a negative bias as the demand for dollars from importers continued to keep the American unit well bid against the rupee.
Moreover, a muted trend in domestic equities and sustained foreign fund outflows further dented investors' sentiments, they said.
At the interbank foreign exchange market, the rupee opened at 86.76 and then touched an early low of 86.88 against the American currency, registering a fall of 18 paise over its previous close.
On Monday, the rupee had settled at 86.70 against the dollar.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose marginally by 0.01 per cent to 98.64.
Brent crude, the global oil benchmark, went up by 0.04 per cent to USD 70.07 per barrel in futures trade, as developing trade agreements eased tariff concerns and boosted future energy demands.
The rupee opened on a weaker note and could fall to one-month low of 86.90 this week, said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.
"RBI seems to be protecting the rupee intermittently but has allowed the fall in slow and steady way. Equities have also not been rupee-supportive," he said.
Meanwhile, in the domestic equity market, Sensex was trading 51.09 points or 0.06 per cent higher at 80,942.11, while Nifty rose 18.30 points or 0.07 per cent to 24,699.20.
Foreign institutional investors (FIIs) offloaded equities worth Rs 6,082.47 crore on a net basis on Monday, according to exchange data.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
West Bengal Class 12 results declared; overall pass percentage 91.23%
Kolkata (PTI): The West Bengal Council of Higher Secondary Education on Thursday announced the results of its Class 12 examination, which recorded an overall pass percentage of 91.23 per cent.
The results included those of the candidates from the fourth semester under the new system, supplementary candidates of the third semester, and students appearing under the old annual examination pattern.
While the pass percentage among girls stood at 92.47 per cent, boys recorded a pass percentage of 89.71 per cent.
As many as 64 candidates -- including 56 boys and eight girls -- featured in the top 10 list. Adrito Pal of Narendrapur Ramakrishna Mission Vidyalaya secured the first rank in the state by scoring 496 out of 500 marks.
Jishnu Kundu of Ramakrishna Mission Vidyapith Purulia and Ritobrata Nath of Narendrapur Ramakrishna Mission Vidyalaya secured the second rank with 495 marks each.
Candidates dissatisfied with their fourth-semester results would be allowed to reappear in the examination next year after surrendering the current year's result.
According to official data, a total of 7,10,811 candidates appeared for the higher secondary examination this year.
Of them, 6,35,864 students appeared in the final semester examination under the new system, 59,452 candidates took the supplementary examination for the second semester, and 15,495 students appeared under the old annual examination pattern.
Chief Minister Suvendu Adhikari congratulated all students who have passed the higher secondary examination in a post on X.
"Your hard work, perseverance, and self-confidence have taken the form of success. May the success inspire you to dream even bigger on the path ahead. I wish that your future be bright, that you get success in every field and that you bring glory to your family, society, and state," he wrote on social media.
