Rupee rises 1 paisa to 90.73 against US dollar in early trade
Mumbai (PTI): The rupee rose by 1 paisa to 90.73 against the US dollar in early trade on Tuesday, aided by a fall in global crude oil prices.
However, a stronger greenback and FII outflows capped gains in the local unit, according to forex traders.
At the interbank foreign exchange, the rupee opened at 90.72 against the US dollar before slipping to 90.73, up 1 paisa against its previous close.
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The rupee settled 8 paise lower at 90.74 against the US dollar on Monday.
"The rupee was well offered on Monday though it closed lower. Suspected RBI intervention has prevented the currency to cross 91 so far and has also deterred speculative shorts," 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 0.23 per cent higher at 97.14.
Brent crude, the global oil benchmark, was trading 0.47 per cent lower at USD 68.33 per barrel in futures trade.
On the domestic equity market front, Sensex declined 245.87 points to 83,031.28 in early trade while the Nifty was down 106.45 points to 25,576.30.
On Monday, foreign institutional investors offloaded equities worth Rs 972.13 crore, according to exchange data.
Government data released on Monday showed that wholesale price inflation extended upward momentum for the third straight month, at 1.81 per cent in January, driven by an uptick in prices of food, non-food articles, and manufactured items on a month-on-month basis.
Further, the country's exports rose marginally by 0.61 per cent to USD 36.56 billion in January, while trade deficit widened to a three-month high of USD 34.68 billion, as per official data released on Monday.
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Indore MBA student's classmate abused body after killing her, performed witchcraft: Police
Indore (PTI): The classmate of a 24-year-old female MBA student, arrested in Indore for her murder, allegedly abused the body after the killing and also performed occult rituals while on the run, police said.
On February 13, people complained of a foul smell emanating from a closed house in the city's Dwarkapuri police station area.
After police arrived at the scene, the naked body of a 24-year-old woman was found in the house.
The woman was pursuing a Master of Business Administration (MBA) degree from a city college and the body was found in her classmate's rented house, Deputy Commissioner of Police (DCP) Shrikrishna Lalchandani told PTI on Monday.
The classmate fled after the incident. He was taken into custody in Mumbai and is being interrogated after his arrest, the official said.
Referring to the accused's interrogation, the official said he allegedly strangled his classmate to death and then "abused" the body.
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"The accused also performed witchcraft near Panvel (in Navi Mumbai) while on the run. The accused claims that he was mentally disturbed after the murder and wanted to communicate with the woman's spirit through witchcraft," he said.
According to the DCP, the woman and the accused were in a close relationship.
"The accused suspected that she was talking to other men. Enraged, he killed her and fled," the official said.
After the woman's body was found, her father accused the classmate of trying to extort money from his daughter using her obscene photos and then torturing her to death.
The accused had even posted these photos on her college WhatsApp group, he alleged.
