Kerala floods: Vijayan cancels US trip for treatment
Thiruvananthapuram, Aug 18 : In view of the grave situation in Kerala due to floods, Chief Minister Pinarayi Vijayan has call off his proposed trip to the US for medical treatment, an official said on Saturday.
Vijayan was scheduled to leave for Mayo Clinic in the USA on Sunday.
Since May 29, rains and floods and have claimed 357 lives in the state, and over 3.53 lakh people are living in over 2,000 relief camps. Vijayan is on a daily basis engaged in numerous meetings coordinating the operations.
According to the Chief Minister's travel programme, which was confirmed after he returned from the US last month, he along with his wife was to leave on Sunday for the treatment of an undisclosed ailment, and was scheduled to return after 17 days.
It is, however, not known if his trip has been deferred or cancelled altogether.
During his trip to the US last month, after attending two functions, he had gone out of the radar and it was only after he returned a week later that the news surfaced that he will be going for further treatment.
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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.
