Rupee rises 5 paise to 90.67 against US dollar in early trade
Mumbai (PTI): The rupee rose 5 paise to 90.67 against the US dollar on Wednesday on the back of a drop in global crude oil prices and FII inflows.
However, a stronger greenback and a weak start to day at the domestic equity markets capped sharp gains in the local unit, forex traders said.
At the interbank foreign exchange, rupee opened at 90.60 but lost some ground to trade at 90.67 against the US dollar, higher by 5 paise from its previous close.
The rupee gained 2 paise to settle at 90.72 against the US dollar on Tuesday.
"The RBI sold dollars at 90.78, ensuring that rupee closed near to Monday closing while FPIs were buyers of equities yesterday (Tuesday)," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.
Today the rupee is expected to move in the same range of 90.40-80, he said.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.10 per cent higher at 97.24.
"The dollar index was slightly higher and analysts expect scope for a near-term rebound after a prolonged slump. Strong US growth and foreign investment interest supported the dollar," Bhansali added.
Brent crude, the global oil benchmark, was trading 0.36 per cent lower at USD 68.40 per barrel in futures trade.
On the domestic equity market front, Sensex fell 77.56 points to 83,373.40 in early trade while the Nifty declined 26.25 points to 25,699.15.
On Tuesday, foreign institutional investors turned net buyers and purchased equities worth Rs 995.21 crore, according to exchange data.
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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.
