Rupee strengthens 38 paise against US dollar
Mumbai, Oct 12: Continuing its recovery, the rupee Friday strengthened 38 paise to 73.74 against the US dollar in early trade in the forex market after global crude prices eased.
Besides, dollar-selling by exporters and banks, the greenback's weakness against some currencies overseas, helped the recovery in the domestic currency.
Brent crude fell 3 per cent to trade at 80.37 a barrel in the global market.
Forex dealers said a higher opening in the equity market also supported the rupee's sentiment.
The local unit, after hitting a record low of 74.50 Thursday, recovered 9 paise to end at 74.12 against the dollar.
Meanwhile, the BSE benchmark Sensex rebounded 377.12 points, or 1.11 per cent, to 34,378.27 in opening trade.
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After fake ID crackdown, IRCTC daily new accounts down to 5000 from one lakh: Railways
New Delhi (PTI): With a new, stringent system to establish user identity, the number of new user IDs being added daily on the IRCTC website has declined to about 5,000 from nearly one lakh, officials said on Saturday.
Union Railway Minister Ashwini Vaishnaw noted that the crackdown by Indian Railways on train ticket booking through fake identities is yielding positive results, according to a press note.
Before the latest reforms, this number had touched nearly one lakh new user IDs per day, it said.
"Following the introduction of a stringent system to establish user identity and detect fake IDs, about 5,000 new user IDs are now being added daily on the IRCTC website," the note said.
The officials stated that these steps have already helped Indian Railways deactivate 3.03 crore fake accounts.
"Another 2.7 crore user IDs have either been temporarily suspended or identified for suspension based on the suspicious activities they are indulging in," they said.
The Union minister directed officials to ensure that the ticketing system is reformed to a level where all travellers are able to book tickets easily through a real and genuine user ID, the press note added.
Additionally, Railway Minister Ashwini Vaishnaw has directed officials to provide local cuisine of the region in Vande Bharat trains.
Introducing local cuisine that reflects the culture and tastes of the regions being traversed will significantly enhance the passenger experience, officials said.
This facility will be expanded to all the trains progressively in future, they added.
