Sagar: Electric short circuit at Syndicate Bank: Computers, printers destroyed
Sagar: An Electric short-circuit led to a fire at the Syndicate Bank branch of the city, located near the Mysuru Café hotel here in the wee hours of Monday.
According to the reports the incident was reported at 2.30 am when the bank ATM’s security guard noticed fire inside the bank and informed the bank manager. During the incident Computers, scanner, passbook printer and other items of the bank were damaged and destroyed by the fire, the reports added.
Local fire brigade team also rushed to the spot and extinguished the fire.
Bank Manager Sandeep Kumar lauded the alertness of the security guard and confirmed that banker locker and registers were safe because of the quick responsiveness of the guard.
The fire brigade team which rushed to the spot and controlled the fire included Ishwar Naik, Abdul Razzak, J Ravi, Sathish, Srinivas and driver Shankar Gowda.
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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.
