Rupee rises 14 paise against US dollar in early trade
Mumbai, Jan 10: The rupee Thursday appreciated 14 paise to 70.32 against the US dollar in early trade amid weakness in the American currency on uncertainty over Federal Reserve rate hikes following the release of Fed meet minutes.
Forex traders said the weakness in the US dollar against other currencies overseas, falling crude oil prices and fresh foreign fund inflows pushed the rupee higher.
The minutes of US Fed's latest policy meeting showed the policymakers may slow the pace of rate hikes to prevent a slowdown in the economy.
At the Interbank Foreign Exchange, the rupee opened weak at Rs 70.49, but soon appreciated to 70.32 against the greenback, up 14 paise over its previous closing price.
The rupee on Wednesday had depreciated by 25 paise to close at 70.46 against the US dollar.
Brent crude, the global benchmark, was trading lower at 60.89 per barrel, lower by 0.90 per cent.
Meanwhile, foreign funds bought shares worth Rs 276.14 crore from the capital markets on a net basis, while domestic institutional investors bought shares worth Rs 439.67 crore on Wednesday, provisional data showed.
The benchmark BSE Sensex was trading down 27.62 points, or 0.08 per cent at 36,185.29, while the NSE Nifty was trading at 10, 839.65, down 15.50 points, or 0.14 per cent.
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Tharoor junks Rijiju's claim that he agreed Cong is 'anti-women'; hails his party
New Delhi (PTI): Congress MP Shashi Tharoor on Tuesday debunked Union minister Kiren Rijiju's reported claim that the opposition party leader had agreed that the Congress is "anti-women", asserting that at no point did he imply any such thing and that his party has stood for women's rights and reservation.
Reacting to Rijiju's claims, Tharoor stressed that the Congress is totally in favour of women's reservation and prepared to have it implemented right now -- without linking it to delimitation.
In a post on X, the Congress leader said, "I am sorry, but with the greatest respect for Kiren Rijiju, at no point did I say or imply any such thing -- and I have seven witnesses in the photograph who can confirm that!"
"'That was what he meant', our Minister says. No, sir, that is NOT what I meant. 'That Congress can be anti-women...he agreed in a way,' he added. I am sorry but I did NOT agree in any way," Tharoor said.
"The Congress has stood for women's rights and women's reservation under a strong woman president in Sonia Gandhi, initiated the Women's Reservation Bill, passed it in the Rajya Sabha during our tenure and supported it in the Lok Sabha when it was brought by government of India in 2023," he said.
"We are totally in favour of women's reservation and are prepared to have it implemented right now -- without linking it to delimitation," the Thiruvananthapuram MP added.
Rijiju's reported comments came while narrating details of the conversation he had with Tharoor on April 18 after the end of the three-day special sitting of Parliament during which the Constitution (131st Amendment) Bill to implement 33 per cent reservation for women in legislatures in 2029 and increase the number of Lok Sabha seats to 816 was defeated in the Lok Sabha.
Tharoor on April 18 had shared a snippet of his conversation with Parliamentary Affairs Minister Rijiju after the Lok Sabha was adjourned sine die, and said the BJP leader conceded that “no one could ever call me anti-women”.
Tharoor had said women are by far the better half of the species - 'Humans 2.0' - and deserve representation in Parliament and in every institution.
"Just don’t link their advancement to a mischievous and potentially dangerous Delimitation that could devastate our democracy," he had said on X.
Sharing a picture of some opposition MPs standing with Rijiju in the Lok Sabha, Tharoor had said, "A little post-adjournment gathering of Opposition MPs in the Lok Sabha with our charming Parliamentary Affairs Minister.
"When Kiren Rijiju explained why he and his party were calling the Opposition 'mahila virodhi', it was pointed out to him that no one could ever call me anti-women! He conceded the point…"
While 298 members voted in support of the Bill, 230 MPs voted against it. Out of 528 members who voted, the Bill required 352 votes for a two-thirds majority.
The Bill proposed to increase the number of Lok Sabha seats to 816 from the current 543 to "operationalise" the women's reservation law before the 2029 parliamentary polls, following a delimitation exercise based on the 2011 Census.
Seats were also to be increased in state and UT assemblies to accommodate 33 per cent reservation for women.
The three-day special sitting was convened from April 16 to 18 to secure Parliament's approval for the Bill.
After the bill was defeated, the Congress had said the "nefarious attempt" of Prime Minister Narendra Modi and Home Minister Amit Shah to link their "dangerous delimitation proposals" to women's reservation had been decisively defeated in the Lok Sabha, calling it a win for democracy and the Constitution.
I am sorry, but with the greatest respect for @KirenRijiju, at no point did I say or imply any such thing -- and I have seven witnesses in the photograph who can confirm that!
— Shashi Tharoor (@ShashiTharoor) April 28, 2026
"That was what he meant", our Minister says. No, sir, that is NOT what I meant. "That Congress can be… https://t.co/hkUsYgOY7a
