'Gaja' intensifies into severe storm, landfall in Tamil Nadu tonight
Chennai, Nov 15 : Cyclone 'Gaja' intensified into a severe cyclonic storm Thursday and is expected to cross the south Tamil Nadu coast by late this evening or night, with the government machinery put on high alert in vulnerable districts.
The storm which lay over the Southwest Bay about 285 km from here and 225 km east of Karaikal in neighbouring Puducherry was very likely to cross the coast between Cuddalore and Pamban around Nagapattinam by evening or Thursday night after weakening into a cyclone, the Met office said.
At the time of landfall, wind speed of 80-90 kmph gusting up to 100 kmph and heavy rains were likely along the region, it said.
The Tamil Nadu State Disaster Management Authority, in a tweet, said as per the latest updates #GajaCyclone is likely to have landfall between 8 pm and 11 pm tonight in all probability in Nagapattinam district, about 300 km from here.
There was no significant rainfall so far Thursday in most of the districts expected to be affected by the cyclone. Chennai witnessed sporadic spells of rain.
So far, 1,313 people have already been shifted to relief centre in Nagapattinam district and efforts are on to evacuate all those living in low lying areas to relief centres in the vulnerable districts, the government said.
A holiday has been declared for educational institutions in seven districts, including Nagapattinam, Tiruvarur, Cuddalore and Ramanathapuram, and the government has advised private firms, and establishments to send back their employees early so that they could reach their homes before 4 pm.
As the sea was rough, police have been advised to intensify efforts to bar people from going near beaches to witness the cyclone or click selfies.
Four teams each of National Disaster Response Force personnel have been deployed in Nagapattinam district while two teams of the state disaster response force in Cuddalore district, officials said.
The state disaster management authority has released an animated video aimed at creating awareness on the do's and don'ts during cyclone.
The government has announced helpline numbers 1070 (state-level) and 1077 (districts) for those who may need assistance.
In view of the cyclone, the Southern Railway announced cancellation of four trains, including three from here to destinations in Nagapattinam, Tiruvarur and Thanjavur districts, scheduled for departure Thursday.
It also diverted four express trains bound for southern districts, a release said.
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Rupee falls 9 paise to record low of 90.87 against US dollar in early trade
Mumbai (PTI): The rupee plunged 9 paise to a record low of 90.87 against the US dollar in early trade on Tuesday, weighed down by sustained FII outflows and no breakthrough in the India-US trade deal.
However, a weaker greenback and a decline in global crude oil prices capped further losses in the domestic unit, according to forex traders.
At the interbank foreign exchange, the rupee opened at its all-time low of 90.87 against the US dollar, down 9 paise from its previous close, and traded in a narrow range of 90.77- 90.87 in early trade.
ALSO READ: Rupee falls 9 paise to all-time low of 90.58 against US dollar in early trade
The rupee on Monday settled at a new all-time low of 90.78 against the US dollar, registering a loss of 29 paise over its previous close, weighed down by uncertainty over an India-US trade deal and persistent foreign fund outflows.
"The US-India trade deal still seems to be off by a distance with the Commerce Secretary saying the first phase will be signed before the end of the year and news that we are closest to the deal being signed. The uncertainty has clouded the recovery on the USD/INR pair as the rupee opened lower with dollar buying happening every day," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.
Even a reduction in trade deficit on Monday could not bring about a recovery in the rupee with Foreign Institutional Investors (FII) outflows continuing, he added
According to the latest government data released on Monday, India's trade deficit narrowed to a five-month low of USD 24.53 billion in November, as exports rebounded by 19.37 per cent to a six-month high of USD 38.13 billion after contracting in October, driven by higher shipments of engineering and electronics goods.
At the same time, the country's imports dipped by 1.88 per cent to USD 62.66 billion due to a fall in the inbound shipments of gold, crude oil, coal, and coke.
FIIs sold equities worth Rs 1,468.32 crore on Monday, according to exchange data.
Also, wholesale price inflation stayed in the negative for the second consecutive month in November at (-) 0.32 per cent, even though there was an uptick in prices of food articles like pulses and vegetables on a month-on-month basis, government data showed on Monday.
Wholesale Price Index (WPI)-based inflation was at (-) 1.21 per cent in October and 2.16 per cent in November last year.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.03 per cent lower at 98.27.
Brent crude, the global oil benchmark, was trading 0.61 per cent lower at USD 60.19 per barrel in futures trade.
On the domestic equity market front, the 30-share benchmark index, Sensex, declined 363.92 points to 84,849.44 in early trade while the Nifty was down 106.65 points to 25,920.65.
