Curfew lifted in east Kathmandu, over 100 pro-king demonstrators arrested for vandalising property
Kathmandu, Mar 29 (PTI): Authorities in Nepal on Saturday lifted a curfew imposed in the eastern part of Kathmandu following violent clashes between the security personnel and the pro-monarchy protesters, as tensions eased in the area.
Parts of Kathmandu on Friday witnessed a tense situation after pro-monarchy protesters pelted stones, attacked the office of a political party, set fire to vehicles and looted shops in the Tinkune area of the capital.
Two persons, including a TV cameraman, were killed in the clashes between the security personnel and the pro-monarchy protesters. The Army was later called out to control the situation.
The curfew imposed since 4.25 pm on Friday has been lifted from 7 am on Saturday, according to a notice issued by Kathmandu District Administration Office.
Police have arrested 105 agitators who were involved in burning houses and vandalising vehicles during Friday's violent demonstration.
The protesting monarchists were demanding the reinstatement of the monarchy and a Hindu kingdom.
The demonstration turned violent after Durga Prasai, the convenor of the agitation, broke the security barricade, riding a bulletproof vehicle, and headed towards Baneshwor, where the Parliament building is located.
Those arrested included the general secretary of the Rastriya Prajatantra Party Dhawal Shumsher Rana and a central member of the party, Rabindra Mishra, among others.
Prasai, the key person behind Friday's violent demonstration, is at large, Superintendent of Police of Kathmandu District Police Range Apil Bohara said.
According to the police, 53 police personnel, 22 Armed Police Force personnel and 35 protestors were injured in Friday's incident.
During the violent demonstration, 14 buildings were set on fire and nine were vandalised. Nine government vehicles were torched and six private vehicles were vandalised.
Protesters also attacked the Kantipur Television building and Annapurna Media House in the Tinkune area.
Nepal’s political parties through a Parliament declaration abolished the 240-year-old monarchy in 2008 and turned the erstwhile Hindu kingdom into a secular, federal, democratic republic.
The monarchists have been demanding the restoration of the monarchy since the former king appealed for support in a video message telecast on Democracy Day (February 19).
The pro-monarchy activists also held a rally on March 9 in support of the former king who landed at the Tribhuvan International Airport from Pokhara after visiting religious places in different parts of the country
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Rupee rises 10 paise to 92.41/USD; faces risks from rising global tensions
Mumbai (PTI): The rupee appreciated 10 paise to 92.41 against the US dollar in early trade on Friday, even as the USD/INR pair faces risks from rising global tensions, especially the US-Iran conflict.
Forex traders said the rupee is likely to see high volatility intra-day as the deadline for RBI's instructions to banks to curb their overnight positions to USD 100 million closes today.
At the interbank foreign exchange market, the rupee opened at 92.58 against the US dollar, then gained ground to touch 92.41 against the US dollar in initial trade, registering a gain of 10 paise over its previous close.
On Thursday, the rupee settled with a marginal gain of 3 paise at 92.51 against the US dollar.
"An estimated 80–85 per cent of these positions have already been unwound, which means the bulk of this supportive flow is now behind us. In simple terms, the cushion that held the rupee steady is beginning to thin, and this is where the story starts to shift," CR Forex Advisors MD Amit Pabari said.
Pabari further noted that looking ahead, the picture for the rupee appears to be changing. "With most of the NOP-related support now fading and global uncertainties still elevated, the scope for further strength seems limited. USDINR is likely to find a base in the 92.20–92.50 zone, with a gradual move higher towards 93.50–94.00 levels," he said.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was higher by 0.07 per cent at 98.69 as the safe-haven demand has come down after the ceasefire, but as the ceasefire is fragile, the US dollar is getting bids at lower levels.
Brent crude, the global oil benchmark, was trading higher by 0.51 per cent at USD 96.44 per barrel in futures trade, as the ongoing uncertainty over the Strait of Hormuz opening is keeping the oil trade well bid.
Pabari further noted that just as domestic support begins to fade, the global backdrop is turning uneasy again. "The World Bank has flagged that India's growth for FY27, expected at 6.6 per cent, faces risks from rising global tensions, especially the Iran conflict," he said.
According to Pabari, India continues to have strong buffers in the form of forex reserves and a stable banking system, but pressure points are slowly beginning to build.
On the domestic equity market front, the stock markets witnessed a rebound in early trade. The 30-share Sensex jumped 630.08 points to 77,261.73, while the Nifty climbed 203.6 points to 23,978.70.
Foreign Institutional Investors offloaded equities worth Rs 1,711.19 crore on Thursday, according to exchange data.
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