Rupee falls 4 paise to 83.32 against US dollar in early trade
Mumbai (PTI): The rupee depreciated 4 paise to 83.32 against the US dollar in the morning session on Monday, tracking a negative trend in domestic equities.
Persistent foreign fund outflows also weighed on the local unit, forex traders said.
At the interbank foreign exchange, the rupee opened at 83.31 against the dollar. It touched a low of 83.32 in initial deals, registering a fall of 4 paise over its previous close.
On Friday, the rupee settled at 83.28 against the American currency.
"We expect the RBI to intervene to bring it within the 83.20-83.30 range. We otherwise expect a range-bound session with volumes being low on account of the festive season," India Forex And Asset Management Pvt Ltd (IFA Global) said in a research note.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 105.82, lower by 0.04 per cent.
Global oil benchmark Brent crude futures declined 0.93 per cent to USD 80.67 per barrel.
On the domestic equity market front, BSE Sensex was trading 262.56 points or 0.40 per cent lower at 64,996.89 points, while the broader NSE Nifty declined 70.55 points or 0.36 per cent to 19,455.00 points.
Foreign institutional investors were net sellers in the capital market on Friday as they offloaded shares worth Rs 190.06 crore, according to exchange data.
India's forex reserves jumped by USD 4.672 billion to USD 590.783 for the week ended November 3, the Reserve Bank said on Friday.
Foreign currency assets, a crucial part of the reserves, rose by USD 4.392 billion, as per the central bank.
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CBI cracks down on digital arrest syndicates, arrests 4 after searches at 12 locations
New Delhi, Apr 15 (PTI): In a major crackdown on syndicates running digital arrest scams, the Central Bureau of Investigation has arrested four people following searches at 12 locations, officials said on Tuesday.
Terming it "Operation Chakra-V", they said the CBI carried out searches in connection with a digital arrests case registered by it on the request of the Rajasthan government in which two persons each were arrested from Moradabad in Uttar Pradesh and Mumbai.
It was alleged that the arrested accused extorted a total of Rs 7.67 crore in 42 instalments. The victim was digitally detained for over three months by cybercriminals posing as personnel of various law enforcement agencies, the officials said.
"The CBI has been adopting a multi-pronged approach in investigating digital arrest cases, with a special emphasis on dismantling the infrastructure behind such offences," a CBI spokesperson said in a statement.
He said the CBI has registered multiple cases of digital arrests in recent months.
The agency conducted an in-depth investigation involving extensive data analysis and profiling after taking over the Rajasthan case.
"The CBI employed advanced investigative techniques to identify the perpetrators. Based on the leads generated during the investigation, the CBI conducted extensive searches recently across 12 locations in Moradabad and Sambhal in Uttar Pradesh, Krishnanagar in West Bengal, Mumbai and Jaipur, leading to the arrest of four individuals involved in this highly organised crime syndicate," the spokesperson said.
The agency seized bank account details, debit cards, chequebooks, deposit slips, and digital devices/evidence during the searches, he said.
The arrested persons have been remanded in police custody for five days.
