LIC celebrates National Sports Day with week-long fitness activities across offices
Mumbai: The Life Insurance Corporation of India (LIC) is celebrating National Sports Day from August 26 to August 31, 2024, in honor of the birth anniversary of hockey legend Major Dhyan Chand. This week-long event aims to promote fitness and well-being among its employees across the country.
As part of the celebrations, LIC offices nationwide will organize various indoor and outdoor sports activities on one designated day during the week. These activities are designed to encourage employees to incorporate fitness into their daily routines, highlighting the importance of physical activity in leading a healthy lifestyle.
On August 29, 2024, National Sports Day, all LIC employees participated in the FIT India Fitness Pledge, reaffirming their commitment to maintaining a physically active lifestyle. The pledge is part of the government’s broader FIT India Movement, which seeks to inspire citizens to prioritize fitness and well-being.
In Mumbai, LIC will cap off the week with a Fit India Walkathon on August 31, 2024. The event will serve as a collective celebration of the values of fitness and a healthy lifestyle, bringing together employees to participate in a walkathon that emphasizes the importance of staying active.
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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.
