INDIA bloc govt will check out-migration of people, force BJP to migrate from Bihar: Akhilesh
Chhapra (PTI): Samajwadi Party president Akhilesh Yadav on Sunday said that if the INDIA bloc forms the government in Bihar under the leadership of RJD leader Tejashwi Yadav, it will check out-migration of people and force the BJP to migrate from the eastern state.
Addressing a public rally in Chhapra district in support of RJD's singer-turned-politician candidate Khesari Lal Yadav, he said Bihar has always emerged as a saviour whenever clouds of danger overshadowed politics.
The former chief minister of adjoining Uttar Pradesh urged people of Bihar to "safeguard politics from the dangers that surround it" through their votes.
"When the new government headed by Tejashwi Yadav is formed in Bihar, it will check out-migration of common people and force the BJP to migrate from the state," he said.
He exuded confidence that the INDIA bloc will form the government in Bihar and the Samajwadi Party will emerge victorious in the 2027 Uttar Pradesh assembly elections.
"Tejashwi Yadav's government will construct roads on this side of the border, and we will build roads on the other side. We will connect UP and Bihar," he said.
Akhilesh Yadav alleged that the BJP is responsible for "increasing unemployment and inflation" in the state.
"NDA leaders are celebrating the GST Utsav but, in fact, they have increased inflation under its guise," he said, adding that people are asking for an "account of the last 20 years of NDA rule in Bihar."
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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.
