Rupee slips 1 paisa to 90.67 against US dollar in early session
Mumbai (PTI): The rupee slipped by 1 paisa to 90.67 against the US dollar in the early session on Monday amid FII outflows and a stronger greenback.
A marginal rise in global crude oil prices and a sharp decline in the country's forex reserves also weighed on the local unit, according to forex traders.
At the interbank foreign exchange, the rupee opened higher at 90.63 before falling to 90.67 against the US dollar, down 1 paisa from its previous close.
The rupee consolidated in a narrow range and settled 5 paise lower at 90.66 against the US dollar on Friday.
"The rupee opened slightly stronger from Friday close and should remain in a small range on a day when cash demand will be lower due to US Presidential Day holiday," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.
Markets will watch out for India's trade balance figures, which could be released by the commerce ministry on Monday, he said.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.02 per cent higher at 96.93.
Brent crude, the global oil benchmark, was trading 0.04 per cent higher at USD 67.78 per barrel in futures trade.
At the domestic equity markets, Sensex declined 71.53 points to 82,555.23 in early trade while Nifty was down 11.95 points to 25,459.15.
On Friday, foreign institutional investors offloaded equities worth Rs 7,395.41 crore, according to exchange data.
Reserve Bank data released on Friday showed India's forex reserves were down USD 6.711 billion to USD 717.064 billion during the week ended February 6. In the previous reporting week, the kitty had jumped by USD 14.361 billion to an all-time high of USD 723.774 billion.
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Delhi Police announces Safe City expansion, new facilities on 79th Raising Day
New Delhi (PTI): Delhi Police announced a series of infrastructure and technology upgrades under the Safe City Project, including the expansion of surveillance systems and construction of new facilities, on the occasion of its 79th Raising Day.
Officials said that under the project, the Command and Control Centre will be further strengthened and several CCTV cameras have already been installed across the national capital. The surveillance system is equipped with advanced features such as hand-gesture recognition, facial detection and overcrowding alerts to enhance real-time monitoring.
"Mobile command vehicles will also be deployed to improve on-ground coordination during emergencies and major events," a senior police officer said.
The Special Cell headquarters will be constructed in Lodhi Colony to bolster operational efficiency. In addition, three new police stations and six police chowkis will be set up.
A seven-floor hostel for women police personnel will be built in Rohini, with accommodation capacity for 132 staff members, officials said.
