India successfully launches EMISAT satellite
Sriharikota : India's EMISAT satellite was Monday successfully launched onboard the polar rocket PSLV-C45 from this spaceport.
After a perfect lift-off at the end of the 27-hour countdown, the nearly 50 metre-tall PSLV C-45 injected the 436 kg EMISAT into the orbit about 17 minutes later.
The EMISAT satellite is aimed at electromagnetic measurement.
The 28 foreign customer nano-satellites would be released into different orbits nearly two hours later after restarting the fourth stage of the rocket, ISRO said.
After the release of all the satellites, ISRO would undertake orbital experiments, including on maritime satellite applications, making the mission a first of its kind for the space agency.
#WATCH Sriharikota: ISRO's #PSLVC45 lifts off from Satish Dhawan Space Centre, carrying EMISAT & 28 customer satellites on board. #AndhraPradesh pic.twitter.com/iQIcl7hBIH
— ANI (@ANI) April 1, 2019
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Rupee falls 20 paise to 95.43 against US dollar in early trade
Mumbai (PTI): The rupee depreciated 20 paise to 95.43 against US dollar in early trade on Tuesday as market sentiments remained fragile after renewed military exchanges between US and Iranian forces in the Gulf region.
Forex traders said investor anxiety due to instability in the Gulf is causing massive capital flight into safe-haven assets, with the US dollar acting as the primary beneficiary.
Moreover, Brent oil prices is hovering near USD 113 per barrel, maintaining pressure on oil-importing economies like India.
At the interbank foreign exchange market the rupee opened at 95.30 then lost ground to touch 95.43 against the US dollar, in initial trade, registering a fall of 20 paise over its previous close.
Rupee fell 39 paise to close at an all-time low of 95.23 against the US dollar on Monday.
"With oil boiling rupee on Monday fell to a closing low of 95.0875 and this morning the opening was still lower as it becomes more and more vulnerable when dollar index rises due to safe-haven buying and oil prices rise due to the continuous fighting in the Gulf Region," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.
The higher oil prices will keep rupee sold off against the dollar as oil companies and FPIs intensify dollar buying, Bhansali added.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 98.51, up 0.15 per cent.
Brent crude, the global oil benchmark, was trading lower by 1.07 per cent at USD 113.22 per barrel in futures trade.
"Market sentiments remained fragile after renewed military exchanges between US and Iranian forces when Iranian forces launched fresh attacks in the Gulf as both sides sought to assert control over the strategic waterway," Bhansali said.
On the domestic equity market front, Sensex declined 361.62 points to 76,907.78 in early trade, while the Nifty dropped 134.90 points to 23,980.60.
Foreign Institutional Investors purchased equities worth Rs 2,835.62 crore on Monday, according to exchange data.
