Indian-American doctor wins Democratic Congressional primary in Arizona
Washington: Dr Hiral Tipirneni, an Indian-American emergency room physician, has won the Democratic party primary for the US House of Representatives in the US state of Arizona.
New polling showed that Tipirneni is just three points down to the Republican incumbent David Schweikert. The seat is said to be a Republican stronghold.
I am honoured to be the nominee in Arizona's 6th Congressional District. For nearly a decade, our district has been represented by a DC politician who puts the profits of his special interest corporate donors over positive change that will make life better for working families here in Arizona, Tipirneni said.Tipirneni was three years old when her family immigrated from India to this country to pursue the American dream.
After their medical residencies, she and her husband, Dr Kishore Tipirneni, chose to build their life in Arizona, where they have lived for over 23 years and raised their three children. She has been endorsed by top Democratic leaders, including Indian-American Senator from California Kamala Harris.
Dr Tipirneni has dedicated her career to fighting for her patients as an emergency room physician and cancer research advocate. In Congress, Hiral will fight to ensure every American has quality, affordable health care," Harris said in a recent endorsement.
"She will replace a corrupt Washington insider with a voice for the people," she said.
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Rupee falls 11 paise to 94.27 against US dollar in early trade
Mumbai (PTI): The rupee depreciated 11 paise to 94.27 against US dollar in early trade on Monday driven by persistent dollar demand and a broader shift toward safe-haven assets.
Forex traders said the Indian rupee has hit a rough patch, falling for five consecutive sessions, weighed down by a combination of factors such as the RBI loosening its grip on currency rules and rising oil prices caused by global tensions.
Moreover, investors are becoming cautious again, with foreign institutions pulling money out of the market after a brief period of buying amid rising geopolitical uncertainty.
At the interbank foreign exchange market the rupee opened at 94.25 against the US dollar, then lost some ground and touched 94.27 against the US dollar in initial trade, registering a fall of 11 paise over its previous close. On Friday, the rupee had settled at 94.16 against the American currency.
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Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.09 per cent at 98.44.
Brent crude, the global oil benchmark, was trading higher by 1.16 per cent at USD 106.55 per barrel in futures trade.
A mix of softer economic signals and renewed, even if fragile, hopes of diplomacy pulled the dollar lower again, CR Forex Advisors MD Amit Pabari said, adding that for Rupee, on one hand, a softer dollar offers relief. On the other, uncertainty remains the dominant force.
Meanwhile, India’s forex reserves have crossed USD 703 billion as of April 17, reflecting a consistent build-up of buffers.
"For now, the rupee continues to lean toward gradual weakness. Uncertainty remains the dominant force, shaping both global flows and local reactions," Pabari said.
He further noted that any dips are likely to be bought into, with the 92.80–93.20 zone acting as a strong support. On the upside, 93.50 to 94.50 is expected to define the near-term range.
On the domestic equity market front, the 30-share benchmark index Sensex was trading 518.96 points or 0.68 per cent higher at 77,183.17, while the broader Nifty was trading up 131.30 points or 0.55 per cent at 24,029.25.
Foreign Institutional Investors offloaded equities worth Rs 8,827.87 crore on Friday, according to exchange data.
