Kerala flood: NGOs step in to help victims
New Delhi, Aug 18: As Kerala battles the worst floods in its recent history, many NGOs have come forward to lend their support to ensuring supply of packaged meals and other relief items to the worst affected areas of the state.
Rise Against Hunger India (RAHI), a renowned International NGO, has associated with many NGOs including Arshabharath, Hope Foundation and the Times Foundation to help the families living in the make-shift relief camps.
Not just food, RAHI is also mobilising other important and essential items like hygiene kits, toiletry, soaps, water containers, utensils, bed sheets, blankets, clothing, water purifier and similar products, which can be utilized by survivors in relief camps.
Save the Children India unit too has come forward to help the victims, especially children, in the flood-affected areas. It will be setting up child-friendly spaces, which provide children with important psycho-social well-being through learning and recreation facilities.
"We will do everything to help children get back to school as quickly as possible once it is safe to do so," Bidisha Pillai, CEO, Save the Children, said.
"We are sending our first lot of meal boxes to Wayanad on Sunday. By next week, more material will be sent to Mundalur in Kannur. Our intention is to provide immediate assistance to the affected families, and once the rains subside, help them get back to their normal lives as soon as possible," Dola Mohapatra, Executive Director, RAHI added.
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Rupee hits record intra-day low in early trade, falls 12 paise to 92.37 against US dollar
Mumbai (PTI): The rupee slumped 12 paise to its record low of 92.37 against the US dollar in early trade on Friday as global crude oil prices showed no signs of easing amid the ongoing West Asian conflict.
A stronger greenback, heavy FII selling and weak sentiments in the domestic equity markets further weighed on the rupee, according to forex traders.
At the interbank foreign exchange, the local unit opened at 92.33 and slipped further to hit its record intra-day low of 92.37 against the US dollar, down 12 paise from its previous close.
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The rupee touched a fresh intra-day low of 92.36 on Thursday and closed the session 24 paise down at its lowest level of 92.25 against the US dollar.
"Oil prices remained elevated after Iran said the Strait of Hormuz is closed permanently till the resolution of the crisis. The dollar index also rose, European and Asian currencies all fell against the dollar," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.
The rupee has remained vulnerable and in the absence of the RBI could have reached 93.00 levels, he added.
The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.04 per cent higher at 99.77.
Brent crude, the global oil benchmark, was trading higher by 4.99 per cent at USD 96.57 per barrel in futures trade.
On the domestic equity market front, the Sensex plunged 560.06 points, or 0.74 per cent, to 75,474.36, while the Nifty tanked 184.45 points, or 0.78 per cent, to 23,454.70.
Foreign institutional investors sold equities worth Rs 7,049.87 crore on a net basis on Thursday, according to exchange data.
Meanwhile, retail inflation moved up to 3.21 per cent in February compared to 2.74 per cent in the preceding month, driven mainly by higher food prices, government data released on Thursday showed.
