Only two parties in MP, don't fall into trap of smaller outfits: Digvijaya to voters
Bhopal (PTI): There are only two parties in Madhya Pradesh and voters must not fall into the trap of smaller outfits, which are not going to form government in the poll-bound state, senior Congress leader Digvijaya Singh said on Sunday.
Assembly polls will be held in MP on November 17, while counting of votes will take place on December 3.
"There are only two parties in Madhya Pradesh. Either the Congress or BJP will form the government. The smaller parties are not going to form a government (in the state). Therefore, I request all voters not to fall into their trap," Singh said in a video statement shared on his official X account.
Besides the BJP and Congress, the other parties contesting the Assembly polls in the state include Aam Aadmi Party (AAP), Samajwadi Party (SP), Bahujan Samaj Party (BSP) and Gondwana Gantantra Party (GGP). The SP, BSP and GGP had won seats as well.
People of the state want change after 20 years of "misgovernance" and want a Congress government under Kamal Nath, the Rajya Sabha MP added.
"The Congress has the power of people, while the BJP has power of money. We will all work together and defeat the BJP. The power of the public will win, money power will lose," he asserted.
This "dhan bal" (money power) is being used to get fake news published, he alleged.
Singh said that he will go to Datia, from where MP Home Minister Narottam Mishra is contesting on a BJP ticket, on October 30 to participate in the filing of nomination forms by the Congress candidate there.
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Rupee falls 32 paise to all-time low of 95.20 against US dollar
Mumbai, Apr 30 (PTI): The rupee depreciated 32 paise to an all-time low of 95.20 against the US dollar in early trade on Thursday, weighed down by elevated Brent crude oil prices, hovering around USD 122 per barrel, and strong American currency.
Forex traders said the USD/INR pair may see further downside, as rising crude oil prices are likely to sharply impact India's import costs, while concerns over potential wider conflict in West Asia are fuelling investor anxiety.
Meanwhile, the US dollar added to gains after the US FED Reserve kept rates unchanged. Safe-haven demand was also boosted by another diplomatic setback between Washington and Tehran.
At the interbank foreign exchange market, the rupee opened at 95.01 against the US dollar, then lost some ground and touched an all-time low of 95.20 against the US dollar in initial trade, registering a fall of 32 paise over its previous close.
On Wednesday, the rupee depreciated 20 paise to close at an all-time low of 94.88 against the US dollar.
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"The main effect on the rupee has been from the rising oil prices, which touched USD 120 per barrel and looked headed for further upside as the US continues with its blockade of Iranian ports, while Iran does not allow any ship/tanker to pass through the Strait of Hormuz," said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.01 per cent higher at 98.96.
Brent crude, the global oil benchmark, was trading higher by 3.16 per cent at USD 121.76 per barrel in futures trade.
On the domestic equity market front, Sensex tumbled 821.79 points to 76,674.57 in early trade, while the Nifty dived 287.3 points to 23,890.35.
Foreign Institutional Investors offloaded equities worth Rs 2,468.42 crore on Wednesday, according to exchange data.
"FPIs continue with their sale of Indian Equities and debt (the yield touched 7 per cent on Wednesday) and are also dollar buyers consistently," Bhansali added.
