IndiGo to operate 1,650 flights on Sunday, cancels 650
Mumbai (PTI): IndiGo is operating 1,650 flights of its 2,300 daily domestic and international flights on Sunday, and 650 remain cancelled for the day, amid the airline's operations gradually stabilising after massive disruptions in the last five days, the airline said.
IndiGo also said it is expecting to stabilise the network by December 10 against the earlier anticipated timeline of December 10-15.
In another development, the airline saw its on-time performance from six metro airports on Saturday improving to 20.7 per cent, as per the Civil Aviation Ministry website.
It operated more flights on Saturday at around 1,500 against about 800 cancellations.
The disruptions have resulted in hundreds of flight cancellations and delays in the last few days, causing hardships to thousands of passengers.
"Following the recent operational disruptions, IndiGo confirms that we are establishing further significant and sustained improvements across our network. On Sunday, we are on track to operate over 1,650 flights, up from around 1,500 flights on Friday," an IndiGo spokesperson said in a statement.
Friday was the worst for the airline in its history as it cancelled around 1,600 flights in the wake of the crew shortage, following the implementation of the second phase of the court-mandated new flight duty and rest period norms, which are applicable to all domestic airlines, but have now been relaxed for IndiGo by the Directorate General of Civil Aviation.
The spokesperson said the airline is making "very significant" progress in restoring its flight schedules and strengthening the customer support systems.
Also, cancellations were made at an earlier stage, allowing the airline to inform customers timelier, IndiGo said, adding that its teams are working to stabilise operations.
The refund and luggage process is in full action for direct and indirect bookings, it said while urging customers to check the latest flight status on its website before proceeding to the airport, as we are diligently working to improve our operations.
"We continue to work closely with all authorities and stakeholders to ensure a swift return to full normalcy," the spokesperson said.
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Rupee rebounds from record low; gains 1.6 pc to 93.19 against US dollar
Mumbai (PTI): The rupee recovered 151 paise from its record low level to trade at 93.19 against the US dollar in early deals on Thursday, backed by the Reserve Bank's move to restrict banks' net open position in the onshore forward delivery market.
The domestic unit, however, faced pressure due to unabated withdrawal of foreign capital, strengthening dollar and rising crude oil prices amid volatile geopolitical situation, forex analysts said.
At the interbank foreign exchange, the rupee opened at 94.62 and rose sharply to 93.19 against the US dollar in early deals, registering a gain of 151 paise or 1.6 per cent from its previous close.
The local currency breached the 95 level on Monday before closing at 94.70 versus the greenback. It had settled at a historic low of 94.84 against dollar on Friday, prompting the RBI to intervene.
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Through its circular dated March 27, 2026, RBI capped the net open position on the Indian rupee for banks at USD 100 million, mandating compliance by April 10.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.32 per cent higher at 99.77.
Brent crude, the global oil benchmark, was trading at USD 106.06 per barrel, up 4.84 per cent, in futures trade.
On the domestic equity market front, Sensex tumbled 1,312.91 points or 1.80 per cent to 71,821.41 in early trade, while the Nifty slumped 410.45 points or 1.81 per cent to 22,383.40.
Foreign institutional investors sold equities worth Rs 8,331.15 crore on a net basis on Wednesday, according to exchange data.
"The high crude price, the widening trade deficit, the fear of declining remittances and sustained FPI selling are acting cumulatively to put high pressure on the rupee," said VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited.
Since the beginning of the West Asia war on February 28, 2026, the rupee has depreciated over 4 per cent. During the fiscal year ended March 2026, the currency has declined nearly 10 per cent against the US dollar.
Government data released on Wednesday showed that the government's GST revenues grew about 9 per cent in March, scaling to the pre-tax cut level of over Rs 2 lakh crore, the third highest monthly collection in the 2025-26 fiscal, buoyed by mop-ups from imports as well as domestic sales and purchases.
