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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Allahabad HC orders police protection to married couple apprehending 'honour killing'
Prayagraj (PTI): The Allahabad High Court has granted protection to a married couple who expressed fear that they may be killed by the woman's family.
The order was passed by a division bench comprising Justice JJ Munir and Justice Tarun Saxena on March 25.
"No individual can make an 'honour issue' out of a consenting adult marrying a person of their own choice. It is the state's duty to protect the life, limb, and property of such persons even against their own family members," the bench said.
The court was hearing a petition filed by Prachi Agrawal and her partner, who sought relief in connection with an FIR filed under Section 87 of Bhartiya Nyaya Sanhita (BNS) for kidnapping, and abducting or inducing a woman to compel her marriage.
The couple submitted that they married at an Arya Samaj temple and possessed a marriage registration certificate issued under the Uttar Pradesh Marriage Registration Rules, 2017.
The petitioners alleged that the woman's family members were averse to their marriage and lodged a bogus FIR against them.
The couple further submitted a joint affidavit expressing apprehension of an honour killing by the woman's family.
The court said that a prima facie case was made out and issued notice to the private respondent and granted two weeks to file a counter-affidavit.
Meanwhile, as an interim measure, the court granted the petitioners protection from arrest.
The court also explicitly ordered the woman's family members and relatives not to harm the petitioners, enter their matrimonial home, or establish contact with them directly or through any electronic means.
The bench directed the Aligarh senior superintendent of police to ensure that no harm comes to the couple and posted the matter for hearing on April 8.
