After poll drubbing, Prashant Kishor's Jan Suraaj Party dissolves all organisational units
Patna (PTI): The Prashant Kishor-led Jan Suraaj Party on Saturday dissolved all its organisational units, from the panchayat level to the state level, following the humiliating performance in the recently concluded Bihar polls.
In a statement, party spokesperson Syed Masih Uddin said new units will be formed in the next one and a half months.
The decision was taken at the party's national council meeting in Patna, chaired by state president Manoj Bharti, it said.
Kishor was also present in the meeting, along with party leaders like former vice chief of the army SK Singh, ex-Union minister Ramchandra Prasad Singh and senior advocate YV Giri.
"The party has assigned its senior leaders the responsibility of all 12 divisions of the state, where they will rebuild an effective and active organisational structure. This team of party leaders will hold extensive discussions to identify the reasons for the defeat and submit a report regarding leaders guilty of indiscipline or internal betrayal," the statement said.
The Jan Suraaj Party failed to open its account in the assembly polls, with most of its candidates losing their deposits.
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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.
