Achievements of India's 'Nari Shakti' a source of pride: PM Modi on Women's Day
New Delhi (PTI): Prime Minister Narendra Modi on Sunday conveyed greetings to all women on the occasion of International Women's Day, and said the achievements of India's 'Nari Shakti' are a source of pride.
He said empowerment of women is at the core of his government's various schemes and initiatives and it remains committed to creating opportunities that enable every woman to realise her full potential and contribute to India's journey of development.
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"On International Women's Day, I extend my greetings to all our Nari Shakti. Across every field, women are shaping India's progress with determination, creativity and unmatched zeal. Their achievements inspire our nation and strengthen our collective resolve to build a Viksit Bharat," he said in a message.
Modi said as India progresses further, the aspirations and contributions of women will continue to guide the country's collective journey towards a strong and prosperous nation.
"The achievements of India's Nari Shakti are a source of pride and a powerful reminder of the transformative role in nation building," he added.
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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.
