Trump wins New Hampshire GOP primary; strong showing by Indian American Nikki Haley
Washington (PTI): Former US President Donald Trump is projected to win the New Hampshire primary, despite a stronger than expected performance by Indian American Nikki Haley, the former South Carolina governor, thus making the former White House occupant all but certain of earning the party's nominee for the November presidential elections against the Democratic incumbent Joe Biden.
Major American media outlets called the Republican primary race in favour of Trump with one-fourth of the votes being counted. Trump was leading with 52.5 per cent of the votes counted and Haley 46.6 per cent. Haley, political pundits said performed much better than expected. She is the only Republican left in the race standing against the mighty Trump.
By winning the New Hampshire primary after the Iowa Caucus, Trump has made the strongest ever case to be the Republican party's nominee for the November presidential elections. Notably, Trump is the first non-incumbent Republican presidential candidate to win both the Iowa Caucus and the New Hampshire primary back-to-back.
Trump is the only Republican candidate to have won the New Hampshire primary thrice. "This is a decisive win for Donald Trump tonight," former Republican presidential candidate Vivek Ramaswamy told Fox News in an interview with 20 per cent of the votes being called. He said that Haley withdrawing from the race in favour of Trump would be the right thing for the former South Carolina Governor.
In a statement, the Trump campaign asked Haley to drop out of the race. Haley does not have a path to victory. Instead, if Haley stays in the race, she will play an active role in advancing the re-election of Harris-Biden, it said.
"Nikki Haley said she's running to stop the re-election of Harris-Biden. Yet, without a viable path to victory, every day she stays in this race is another day she delivers to the Harris-Biden campaign," said Taylor Budowich, CEO of Make America Great Again Inc. "It's time for unity, it's time to take the fight to the Democrats, and for Nikki Haley: it's time to drop out," Budowich said.
But Haley appeared to be determined to be in the race. "What a great night, God is so good," she told her supporters at Concord in New Hampshire. "I want to congratulate Donald Trump on his victory tonight. He earned it. And I want to acknowledge that. Now you've all heard the chatter among the political class they're falling all over themselves saying this race is over," she said.
"Well, I have news for New Hampshire is first in the nation. It is not the last. This race is far from over. There are dozens of states left," Haley said asserting that in New Hampshire she got almost half of the votes.
Haley said when she started, there were 14 of them in the race and she was polling at two per cent in the polls. "Well, I'm a fighter. And now we're the last one standing next to Donald Trump," Haley said. "A Trump nomination is a Biden win, and a Kamala Harris presidency," she said.
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Rupee falls 7 paise to 90.96 against the US dollar in early trade
Mumbai (PTI): The rupee fell by 7 paise to 90.96 against the US dollar in early trade on Tuesday, weighed down by a rise in global crude oil prices and a stronger greenback.
A poor start to the domestic equity markets further pressured the local unit, but FII inflows provided support, preventing a sharp fall, forex traders said.
At the interbank foreign exchange, the rupee opened at 90.91 against the US dollar and slipped further to 90.96, down 7 paise from its previous close.
The rupee gained 5 paise to settle at 90.89 against the US dollar on Monday.
"The Reserve Bank might be intervening to keep the rupee away from 91.00 levels, but the buying will itself allow it to go beyond 91.00 levels," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.11 per cent higher at 97.81.
"The dollar index was higher amid a repositioning... It faces headwinds from (US President Donald) Trump's 15 per cent global tariffs announcement after the unfavourable Supreme Court ruling," Bhansali said.
Brent crude, the global oil benchmark, rose sharply by 0.85 per cent to USD 72.10 per barrel.
On the domestic equity market front, the Sensex tumbled 525.29 points to 82,769.37 in early trade, while the Nifty went down 145.85 points to 25,567.15.
On Monday, foreign institutional investors purchased equities worth Rs 3,483.70 crore, according to exchange data.
