Rupee hits all-time intra-day low of 92.36 against US dollar
Mumbai (PTI): The rupee tumbled 35 paise to hit all-time intra-day low of 92.36 against the US dollar on Thursday as global crude oil prices kept rising overnight and showed no signs of easing amid the raging war in West Asia.
A stronger greenback, and weak sentiments in the domestic equity markets further weighed on the rupee, which was already on a weak footing in early trade due to heavy FII outflows, forex traders said.
At the interbank foreign exchange, the local unit opened at 92.25 but kept falling to hit an all-time intra-day low of 92.36 against the US dollar, losing 35 paise from its previous close.
The rupee had seen its previous record intra-day low of 92.35 against the greenback on March 9.
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On Wednesday, it declined 16 paise to settle at 92.01 against the US dollar.
The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.18 per cent higher at 99.40.
Brent crude, the global oil benchmark, was trading higher by 6.72 per cent at USD 98.16 per barrel in futures trade.
On the domestic equity market front, the Sensex plunged 445.26 points, or 0.58 per cent, to 76,418.45 points, while the Nifty was down 121.70 points, or 0.51 per cent, at 23,745.15.
Foreign institutional investors sold equities worth Rs 6,267.31 crore on a net basis on Wednesday, according to exchange data.
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11 drug peddlers arrested in Jammu, Samba and Udhampur
Jammu (PTI): Eleven drug peddlers were arrested along with contraband substance at different places in Jammu, Samba and Udhampur districts of Jammu and Kashmir on Tuesday, police said.
Keshav Sahu and Pardesi Ram, both residents of Chhattisgarh, were nabbed along with two kilograms of Ganja in Gharota area of Jammu, a police spokesperson said.
He said Billu Sharma, Tarun Kumar Patel, and Dinesh Kumar Chauhan were apprehended after 10 kgs of Ganja was recovered from their possession during patrolling in Sandwan Border Police Post area of Domana in Jammu.
A police team intercepted a car at a checkpoint in Vijaypur area of Samba, leading to the recovery of 16.61 grams of heroin from its occupants -- Sanjeev Kumar and Malkeet Kour -- who were immediately arrested, the spokesperson said.
In another incident, he said another drug peddler identified as Umar Ishaq of Doda was arrested along with 3.92 grams of heroin during checking of vehicles at Nud along Samba-Mansar road.
He said an inter-district drug peddler identified as Aqib Ashraf, a resident of Anantnag, was arrested after 21.97 grams of heroin was seized from his car at Majalta in Udhampur district.
Irfan and Waseem, both residents of Udhampur, were apprehended along with 10.99 grams of heroin from Roun Domail area, the spokesperson said.
He said all the arrested peddlers were booked under separate cases of Narcotic Drugs and Psychotropic Substances (NDPS) Act.
