July 31: 1,987 new COVID-19 cases, 37 deaths in Karnataka
Dakshina Kannada logs 365 positive Covid-19 cases, 7 deaths
Bengaluru, Jul 31: Karnataka reported 1,987 new COVID-19 and 37 deaths on Saturday, taking the total number of infections to 29,05,124 and the toll to 36,562.
The day also saw 1,632 discharges, taking the total number of recoveries in the state so far to 28,44,742, a health department bulletin said.
Bengaluru Urban accounted for most of the fresh cases (450) and saw 377 discharges and 11 deaths.
The total number of active cases stood at 23,796.
While the positivity rate for the day was 1.43 per cent, the Case Fatality Rate (CFR) was 1.86 per cent.
Dakshina Kannada followed Bengaluru Urban in the number of deaths (7), Hassan accounted for 4, Chikkamagaluru, Kolar and Mysuru (2 each), followed by others.
Among the districts where the new cases were reported, Bengaluru Urban logged 450, Dakshina Kannada 365, Mysuru 177, Udupi 148, Kodagu 132, Tumakuru 108, Hassan 105, while the rest were scattered in other areas.
Bengaluru Urban district topped the list of positive cases, with a total of 12,27,339, followed by Mysuru 1,72,956 and Tumakuru 1,17,829.
Among discharges too, Bengaluru Urban was on top with 12,02,937, followed by Mysuru 1,69,196 and Tumakuru 1,15,723.
Cumulatively a total of 3,86,49,498 samples have been tested in the state so far, out of which 1,38,532 were done on Saturday alone.
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Rupee falls 20 paise to 95.43 against US dollar in early trade
Mumbai (PTI): The rupee depreciated 20 paise to 95.43 against US dollar in early trade on Tuesday as market sentiments remained fragile after renewed military exchanges between US and Iranian forces in the Gulf region.
Forex traders said investor anxiety due to instability in the Gulf is causing massive capital flight into safe-haven assets, with the US dollar acting as the primary beneficiary.
Moreover, Brent oil prices is hovering near USD 113 per barrel, maintaining pressure on oil-importing economies like India.
At the interbank foreign exchange market the rupee opened at 95.30 then lost ground to touch 95.43 against the US dollar, in initial trade, registering a fall of 20 paise over its previous close.
Rupee fell 39 paise to close at an all-time low of 95.23 against the US dollar on Monday.
"With oil boiling rupee on Monday fell to a closing low of 95.0875 and this morning the opening was still lower as it becomes more and more vulnerable when dollar index rises due to safe-haven buying and oil prices rise due to the continuous fighting in the Gulf Region," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.
The higher oil prices will keep rupee sold off against the dollar as oil companies and FPIs intensify dollar buying, Bhansali added.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 98.51, up 0.15 per cent.
Brent crude, the global oil benchmark, was trading lower by 1.07 per cent at USD 113.22 per barrel in futures trade.
"Market sentiments remained fragile after renewed military exchanges between US and Iranian forces when Iranian forces launched fresh attacks in the Gulf as both sides sought to assert control over the strategic waterway," Bhansali said.
On the domestic equity market front, Sensex declined 361.62 points to 76,907.78 in early trade, while the Nifty dropped 134.90 points to 23,980.60.
Foreign Institutional Investors purchased equities worth Rs 2,835.62 crore on Monday, according to exchange data.
