Nitish likely to file nominations for Rajya Sabha polls
Patna (PTI): Bihar Chief Minister Nitish Kumar is likely to file nomination papers for the Rajya Sabha polls on Thursday, according to JD(U) leaders.
Kumar may file his nomination papers at the state assembly around 11 am, they said.
BJP president Nitin Nabin will also file his nomination papers for the Rajya Sabha polls.
Union Home Minister Amit Shah is expected to be present at the time of filing of the nomination papers.
State minister Vijay Kumar Chaudhary had confirmed on Wednesday that Kumar was considering entering the Rajya Sabha, which would bring to an end his tenure as the longest-serving chief minister of the state.
With Kumar likely to step down after leading the ruling NDA to a landslide victory in the 2025 assembly elections, a BJP leader is expected to take over the top post.
If that happens, Bihar will get its first BJP chief minister -- the only Hindi heartland state where the party has not held the office so far.
However, an official announcement regarding Kumar's entry into the Upper House of Parliament is yet to be made.
Five Rajya Sabha seats from Bihar will go to the polls on March 16.
The elections will be held as the tenures of JD(U)'s Harivansh Narayan Singh and Ram Nath Thakur, RJD's Prem Chand Gupta and Amarendra Dhari Singh, and RLM's Upendra Kushwaha are ending.
As per the latest tally in the state legislature, all five seats would now go to the ruling NDA.
Before filing his nomination papers, the BJP president will visit the revered Mahavir Temple here and offer prayers.
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Rupee settles 1 paisa higher to close at 94.15 against US dollar
Mumbai (PTI): The rupee settled with gains of just one paisa to close at 94.15 against the US dollar on Monday, as rising global uncertainty, escalating tensions in West Asia and soaring crude oil prices weighed on investor sentiments.
Forex traders said the INR/USD pair pared its initial losses, but the overall bias remains negative as FII sell-off and elevated crude oil prices restricted the gains for the local unit.
At the interbank foreign exchange market, the rupee opened at 94.25 against the US dollar, and touched an intraday high of 94.11 and a low of 94.28 against the greenback during the day.
At the end of Monday's trading session, the rupee was quoted at 94.15, registering a gain of just 1 paisa over its previous close.
On Friday, the rupee extended its losing streak for the fifth day in a row, depreciating 15 paise to close at 94.16 against the US dollar.
"The rupee snapped a five-session losing streak, rebounding in tandem with a rally across regional currencies. However, the mood remains apprehensive as the market braces for a potential RBI intervention around 94.30 and higher crude oil prices," said Dilip Parmar – Senior Research Analyst, HDFC Securities.
On the charts, the USDINR pair has reclaimed its upward momentum, carving out a classic bullish structure of higher highs and lows on the daily time frame, he said, adding that for the coming sessions, 93.80 serves as a support, with 94.40 acting as the primary hurdle.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.21 per cent at 98.32.
Brent crude, the global oil benchmark, was trading higher by 2.36 per cent at USD 107.82 per barrel in futures trade.
On the domestic equity market front, Sensex jumped 639.42 points to settle at 77,303.63, while the Nifty surged 194.75 points to 24,092.70.
Foreign Institutional Investors offloaded equities worth Rs 1,151.48 crore on Monday, according to exchange data.
Meanwhile, India's forex reserves jumped by USD 2.362 billion to USD 703.308 billion during the week ended April 17, the Reserve Bank of India (RBI) said on Friday.
In the previous reporting week, the forex kitty had increased by USD 3.825 billion to USD 700.946 billion.
