Independent MP and actor-turned-politician Sumalatha Ambareesh joins BJP
Bengaluru (PTI): Actor-turned-politician and independent MP from Mandya in Karnataka Sumalatha Ambareesh on Friday joined the BJP.
Veteran BJP leader B S Yediyurappa, state President B Y Vijayendra, Leader of Opposition in the state Assembly R Ashoka, national General Secretary in-charge of elections in Karnataka Radha Mohan Das Agarwal and former Chief Minister D V Sadananda Gowda were among those who welcomed the 60-year-old into the party fold at its state headquarters here.
With BJP ceding Mandya seat to its alliance partner JD(S) in the upcoming Lok Sabha polls, Sumalatha, after consulting her supporters and wellwishers in Mandya, on Wednesday announced her decision to opt out of the elections, and join the BJP.
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The wife of popular film star M H Ambareesh, Sumalatha had earlier staked claim for BJP ticket for re-election from the Mandya seat that was represented by her late husband in the past. But the party convinced her and gave it to JD(S).
JD(S) state President and former Chief Minister H D Kumaraswamy is now the alliance's joint candidate from Mandya.
Kumaraswamy on Sunday met Sumalatha, and sought her cooperation in the polls.
As an independent candidate, Sumalatha had won the seat in 2019 by defeating the then Chief Minister Kumaraswamy's son Nikhil Kumaraswamy of JD(S), by a margin of 1,25,876 votes, with the BJP's support.
It was a bitterly fought election back then. The JD(S) was in an alliance with the Congress at the time.
Sumalatha entered politics in 2019 and plunged into the poll arena as an independent, after the Congress, of which her late husband was a part, denied her the ticket, as the party had ceded the Mandya seat to its then alliance partner JD(S). Both parties were then running a coalition government under Kumaraswamy's Chief Ministership.
Late Ambareesh had served as MP, MLA and Minister in Karnataka and at the Centre in the Congress governments. He was also part of Janata Dal in the past
In the 2019 polls, Sumalatha rode on a sympathy wave following the death of her husband, who was an icon of sorts in Mandya district.
Popular Kannada film stars like Darshan Thoogudeepa and Yash (Naveen Kumar Gowda), along with her son Abishek Ambareesh had extensively campaigned for her then.
#WATCH | Lok Sabha Independent MP Sumalatha Ambareesh joins Bharatiya Janata Party in Bengaluru, Karnataka pic.twitter.com/fw7OVKieE1
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Rupee falls 32 paise to all-time low of 95.20 against US dollar
Mumbai, Apr 30 (PTI): The rupee depreciated 32 paise to an all-time low of 95.20 against the US dollar in early trade on Thursday, weighed down by elevated Brent crude oil prices, hovering around USD 122 per barrel, and strong American currency.
Forex traders said the USD/INR pair may see further downside, as rising crude oil prices are likely to sharply impact India's import costs, while concerns over potential wider conflict in West Asia are fuelling investor anxiety.
Meanwhile, the US dollar added to gains after the US FED Reserve kept rates unchanged. Safe-haven demand was also boosted by another diplomatic setback between Washington and Tehran.
At the interbank foreign exchange market, the rupee opened at 95.01 against the US dollar, then lost some ground and touched an all-time low of 95.20 against the US dollar in initial trade, registering a fall of 32 paise over its previous close.
On Wednesday, the rupee depreciated 20 paise to close at an all-time low of 94.88 against the US dollar.
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"The main effect on the rupee has been from the rising oil prices, which touched USD 120 per barrel and looked headed for further upside as the US continues with its blockade of Iranian ports, while Iran does not allow any ship/tanker to pass through the Strait of Hormuz," said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.01 per cent higher at 98.96.
Brent crude, the global oil benchmark, was trading higher by 3.16 per cent at USD 121.76 per barrel in futures trade.
On the domestic equity market front, Sensex tumbled 821.79 points to 76,674.57 in early trade, while the Nifty dived 287.3 points to 23,890.35.
Foreign Institutional Investors offloaded equities worth Rs 2,468.42 crore on Wednesday, according to exchange data.
"FPIs continue with their sale of Indian Equities and debt (the yield touched 7 per cent on Wednesday) and are also dollar buyers consistently," Bhansali added.
