Rupee hits record low against US dollar
Mumbai, Aug 14: Fears over a rise in global protectionist measures, along with a strong US economy, dragged the Indian rupee to a fresh intra-day low of over 70 against a US dollar during the pre-afternoon hours on Tuesday.
Around 11.00 a.m., the rupee plunged to 70.08 to a US dollar. However, soon afterward the Reserve Bank of India (RBI) is said to have intervened in the open market to curb the rupee's free fall.
The invention aided the rupee stabilise just a tad below 70 to a USD at 69.98 around 11.05 a.m.
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.
India welcomes Gaza ceasefire, hostage release deal
New Delhi (PTI): India on Thursday welcomed the Gaza ceasefire and hostage release deal between Israel and Hamas.
The announcement on the deal comes after 15 months of conflict in Gaza.
In its reaction, India hoped that the agreement will lead to a safe and sustained supply of humanitarian assistance to the people of Gaza.
"We welcome the announcement of the agreement for the release of hostages and a ceasefire in Gaza," the Ministry of External Affairs (MEA) said.
"We have consistently called for release of all hostages, ceasefire, and return to a path of dialogue and diplomacy," it said.
