Rupee slips 7 paise to close at 74.15 against USD
Mumbai: The rupee gave up intra-day gains to settle 7 paise lower at 74.15 against the US dollar on Monday, tracking weaker Asian peers against the greenback.
Higher crude oil prices also put pressure on the Indian currency.
At the interbank foreign exchange, the domestic currency opened higher at 73.95 a dollar and gained further strength to touch a high of 73.83 during the day.
It, however, could not hold on to the gains and finally settled at 74.15 against the greenback, 7 paise lower over its previous close.
Forex traders said that the rupee declined in spite of record buying in equities as strengthening the US dollar against key rivals in Asia and elsewhere turned sentiment unfavorable in the domestic forex market.
The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.14 percent to 92.35.
Brent crude futures, the global oil benchmark, rose 2.15 percent to USD 40.30 per barrel.
Sriram Iyer, Senior Research Analyst at Reliance Securities, said, the rupee is likely to "appreciate marginally over the next few days amid portfolio flows into the domestic markets and a weaker US dollar. The only factor limiting the gains of the currency will be RBI coming in and mopping up the flows."
Exchange data showed that foreign investors bought equities worth Rs 4,548.39 crore on a net basis on Monday.
On the equity market front, the BSE Sensex ended 704.37 points or 1.68 percent higher at 42,597.43 -- its record closing high.
Similarly, the broader NSE Nifty ended at a lifetime high of 12,461.05, up 197.50 points or 1.61 percent.
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Delhi bomb scare : Senders' intention was to create mass panic, disturb public order, says FIR
New Delhi (PTI): The intention of the bomb hoax emails received by over 100 Delhi schools was to "create mass panic and disturb public order," the Delhi Police says in an FIR registered by its Special Cell.
According to an official source, who has access to the FIR, at least 125 bomb threat calls were received from different schools from 5.47 am to 2.13 pm on Wednesday.
The person said that after receiving the calls, PCR vehicles were rushed to schools, and district police, BDS, MAC, Special Cell and Crime Control Room, DDMA, NDRF, Fire CATS and several other agencies were alerted.
Movement of these units to the schools "resulted in massive inconvenience," read a part of the FIR, according to the source.
The officials evacuated the schools in an "elaborate exercise" and carried out anti-sabotage checks across the city, he said.
The emails were apparently sent with the "conspiratorial intention of creating mass panic and to disturb public," the source said.
The FIR has been registered at Special Cell Police Station under IPC sections 505 (2) (statements creating or promoting enmity, hatred or ill-will between classes), 507 (criminal intimidation by an anonymous communication), and 120 (B) (punishment of criminal conspiracy).
Around 200 schools in Delhi-NCR received an identical threat email Wednesday claiming that explosives had been planted in their premises, triggering massive evacuations and searches as panic-stricken parents rushed to pick up their children.
Nothing was found during searches by authorities which later declared it a mass hoax.
