President Murmu to attend Navy Day celebrations in Kerala capital
Thiruvananthapuram (PTI): The Indian Navy will on Wednesday carry out operational demonstrations at the Shangumugham Beach here as part of the Navy Day celebrations.
President Droupadi Murmu will be the chief guest at the event where 19 major war vessels, including India's indigenous aircraft carrier, INS Vikrant, one submarine, four fast intervention boats, and 32 aircraft, both fighters and surveillance aircraft and helicopters, will demonstrate their prowess.
Murmu will arrive in the state capital at 4.20 pm and will be greeted with a guard of honor, official sources said.
She will attend the Navy Day celebrations and watch the naval exercises, after which she will go to the Lok Bhavan, the sources said.
The President will return to Delhi on Thursday morning, they said.
The Thiruvananthapuram International Airport Ltd (TIAL), in an advisory, has said that traffic restrictions will be in place near terminal 1 and 2 of the aerodrome due to the Navy Day celebrations.
The restrictions will be in place from afternoon till night and may result in additional travel time to the airport for passengers, it said and requested travellers to take precautions.
Navy Day is held to commemorate the Indian Navy missile boats' attack on Karachi harbour during the 1971 war.
A naval officer on Tuesday said that the "mega event" will provide a unique opportunity to all the citizens to witness the Indian Navy's state-of-the-art platforms and multi-domain operations.
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Rupee falls 9 paise to all-time low of 90.58 against US dollar in early trade
Mumbai (PTI): Rupee depreciated 9 paise to an all-time low of 90.58 against US dollar in early trade on Monday, weighed down by uncertainty over an India-US trade deal and persistent foreign fund outflows.
Forex traders said rupee is trading with a negative bias as investors are in wait and watch mode and awaiting cues from the India-US trade deal front.
At the interbank foreign exchange market, the rupee opened at 90.53 against the US dollar, then fell further to an all-time intraday low of 90.58 against the greenback, registering a fall of 9 paise over its previous close.
On Friday, the rupee had slipped 17 paise to close at an all-time low of 90.49 against the American currency.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent lower at 98.35.
Brent crude, the global oil benchmark, was trading higher by 0.52 per cent at USD 61.44 per barrel in futures trade.
On the domestic equity market front, the 30-share benchmark index Sensex was trading 298.86 points lower at 84,968.80, while the Nifty was down 121.40 points at 25,925.55.
Foreign Institutional Investors sold equities worth Rs 1,114.22 crore on Friday, according to exchange data.
"FPIs continue to be in selling mode in equity and debt while RBI has been selling dollars to fund their long positions," said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.
