Heavy rains in DK lead to increase in water levels of Nethravati River; flooding in low-lying areas
Mangaluru: Following the continuous rains in the Dakshina Kannada District over the last few days, the water level in the Netravati River has risen leading to flooding in the low-lying areas of the district including Innoli, Pavur, and Harekal.
Farm fields and paddy fields in Harekal are flooded with water as the water is overflowing due to incessant heavy rains in the region. Similar scenarios were reported from low-lying areas like Innoli and Pavur.
Water flow has also increased near the newly constructed bridge and dam area connecting Harekala to Adyar. The ferry service from Harekala to Adyar was also suspended due to the rise in the water level.
The water levels are expected to rise further due to continuous rain in the region leading to panic among the residents of these areas.
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Rupee falls 9 paise to all-time low of 90.58 against US dollar in early trade
Mumbai (PTI): Rupee depreciated 9 paise to an all-time low of 90.58 against US dollar in early trade on Monday, weighed down by uncertainty over an India-US trade deal and persistent foreign fund outflows.
Forex traders said rupee is trading with a negative bias as investors are in wait and watch mode and awaiting cues from the India-US trade deal front.
At the interbank foreign exchange market, the rupee opened at 90.53 against the US dollar, then fell further to an all-time intraday low of 90.58 against the greenback, registering a fall of 9 paise over its previous close.
On Friday, the rupee had slipped 17 paise to close at an all-time low of 90.49 against the American currency.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent lower at 98.35.
Brent crude, the global oil benchmark, was trading higher by 0.52 per cent at USD 61.44 per barrel in futures trade.
On the domestic equity market front, the 30-share benchmark index Sensex was trading 298.86 points lower at 84,968.80, while the Nifty was down 121.40 points at 25,925.55.
Foreign Institutional Investors sold equities worth Rs 1,114.22 crore on Friday, according to exchange data.
"FPIs continue to be in selling mode in equity and debt while RBI has been selling dollars to fund their long positions," said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.
