Rupee falls 7 paise to 90.96 against the US dollar in early trade
Mumbai (PTI): The rupee fell by 7 paise to 90.96 against the US dollar in early trade on Tuesday, weighed down by a rise in global crude oil prices and a stronger greenback.
A poor start to the domestic equity markets further pressured the local unit, but FII inflows provided support, preventing a sharp fall, forex traders said.
At the interbank foreign exchange, the rupee opened at 90.91 against the US dollar and slipped further to 90.96, down 7 paise from its previous close.
The rupee gained 5 paise to settle at 90.89 against the US dollar on Monday.
"The Reserve Bank might be intervening to keep the rupee away from 91.00 levels, but the buying will itself allow it to go beyond 91.00 levels," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.11 per cent higher at 97.81.
"The dollar index was higher amid a repositioning... It faces headwinds from (US President Donald) Trump's 15 per cent global tariffs announcement after the unfavourable Supreme Court ruling," Bhansali said.
Brent crude, the global oil benchmark, rose sharply by 0.85 per cent to USD 72.10 per barrel.
On the domestic equity market front, the Sensex tumbled 525.29 points to 82,769.37 in early trade, while the Nifty went down 145.85 points to 25,567.15.
On Monday, foreign institutional investors purchased equities worth Rs 3,483.70 crore, according to exchange data.
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Three dead after drinking country liquor in Meerut, police initiate probe
Meerut (UP) (PTI): Three people died under suspicious circumstances after consuming country liquor in Meerut, Uttar Pradesh. Preliminary probe has not confirmed if they died due to the quality of alcohol, officials said on Saturday.
All three vomited and had abdominal pain after drinking the liquor on Friday evening and were rushed to a hospital where they were declared dead. A post-mortem will determine the exact cause of death, they said.
According to the police, Baburam (60), a grocery shop owner, Jitendra (35), who worked at his shop and Ankit alias Daulat (40), purchased liquor in the evening from a government-authorised country liquor outlet and began drinking at the spot.
Shortly after drinking the liquor, the health of all three deteriorated, and they began complaining of vomiting and abdominal pain.
The three were rushed to a private hospital, where doctors declared Jitendra and Ankit dead, while Baburam passed away during treatment.
Additional Director General (ADG) of Police for the Meerut Zone, Bhanu Bhaskar, District Magistrate VK Singh, Senior Superintendent of Police (SSP) Avinash Pandey, and District Excise Officer Pradeep Kumar reached the spot and initiated an investigation.
SSP Avinash Pandey said that preliminary investigations have not confirmed whether the liquor was "toxic or expired". The bottling date was found to be February 11, 2026, and other bottles from the same batch received no such complaints.
He added that a post-mortem will determine the exact cause of death. Personnel from the Health, Forensic, Surveillance, and Intelligence teams have been constituted to investigate the matter.
Following the incident, the family members created a ruckus at the hospital. Police said further action would be taken based on the findings of the investigation.
