Rupee hits new low of 74.13, plunges 55 paise against US dollar
Mumbai, Oct 5 : The Indian rupee Friday crashed below the 74-level against the US dollar for the first time ever. after the Reserve Bank kept its key policy rate unchanged. The domestic currency was quoted 55 paise lower at 74.13 against the dollar soon after the RBI announced its monetary policy.
Investors remained concerned over sustained foreign capital outflows and fears of widening current account deficit in the wake of soaring crude oil prices.
At the Interbank Foreign Exchange (Forex) market, the local currency opened higher at 73.56 a dollar against its previous record low closing of 73.58. But, it failed to sustain the initial strength and fell back to breach the 74-mark.
On Thursday, the domestic unit plummeted by 24 paise to end at record low of 73.58 a dollar.
The BSE Sensex too plunged by 584.53 points, or 1.66 per cent, to 34,584.63 in late afternoon trade.
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We'll work with truth, non-violence to remove Modi-RSS govt: Rahul
New Delhi (PTI): Congress leader Rahul Gandhi on Sunday said his party stands with "satya (truth)" and vowed to remove the "Narendra Modi-RSS government".
Addressing the party's 'Vote Chor Gaddi Chhod' rally at the Ramlila Maidan here, he launched a scathing attack on the Election Commission and mentioned the names of Chief Election Commissioner Gyanesh Kumar, and Election Commissioners Sukhbir Singh Sandhu and Vivek Joshi to allege that they were working for the BJP.
"We will stand with 'satya' (truth) and will remove the Narendra Modi-RSS government from power. They have 'satta' (power), and they indulge in 'vote chori'," the Leader of Opposition in the Lok Sabha said.
Gandhi claimed that the BJP transferred Rs 10,000 during elections, but the poll panel did not take any action against them. "In this fight between truth and untruth, the Election Commission is working with the BJP government," he said.
"(Prime Minister Narendra) Modi brought a new law to give immunity to EC; we will change this law retroactively and act against election commissioners," Gandhi said.
Asserting that it may take time, but truth will ultimately win, he said, "We'll work with truth and non-violence to defeat Modi and (Amit) Shah."
