Rupee declines 4 paise to close at 86.72 against US dollar
Mumbai: The rupee dropped 4 paise to 86.72 (provisional) against the US dollar on Monday amid a steep fall in the domestic equity markets and a rise in Brent crude prices.
However, a flat greenback against major currencies prevented further decline in the domestic unit, according to forex traders.
At the interbank foreign exchange, the local unit opened at 86.58, went up 10 paise from Friday's close of 86.68, but gave way through the session. It eventually settled at 86.72 (provisional), 4 paise lower than the previous day's close.
"The RBI is all set to do a 3-year buy/sell swap of USD 10 billion on February 28 to ease the tightening liquidity position, thus bringing premiums further down. Exporters may sell the cash dollars requirement on all upticks while importers may buy good dips," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading flat at 106.61.
"The dollar has slid more than 3 per cent from its January peak on tariff issues leaving little appetite for traders to load up on fresh dollar holdings. Data on Friday showed business activity nearly stalled in February... as surveys showed business and consumers were increasingly rattled by the Trump administration policies," Bhansali said.
Brent crude, the global oil benchmark, rose 0.03 per cent to USD 74.45 per barrel in futures trade.
In the domestic equity market, the 30-share BSE Sensex tumbled 856.65 points to settle at 74,454.41, while Nifty slumped 242.55 points to 22,553.35.
Foreign institutional investors (FIIs) offloaded equities worth Rs 3,449.15 crore on a net basis on Friday, according to exchange data.
The latest RBI data released on Friday showed India's forex reserves dropped USD 2.54 billion to USD 635.721 billion in the week ended February 14, snapping the three-week streak of increase.
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No 'bacterial infection' found in bodies of 4 Mumbai family members who died after eating watermelon
Mumbai (PTI): The initial report submitted by the microbiology department of a Mumbai-based state-run hospital has said no "bacterial infection" was detected in the bodies of four family members, who died after consuming watermelon recently, officials said on Wednesday.
The Dokadia family, residents of Ghari Mohalla on Ismail Kurte Road, had hosted a get-together of relatives on the night of April 25. At around 1 am (on April 26), hours after the guests had left, Abdullah Dokadia (40), his wife Nasreen (35), and daughters Ayesha (16) and Zaineb (13) ate pieces of a watermelon.
They suffered severe bouts of vomiting and diarrhoea in the early hours of April 26 and were rushed to a local hospital before being referred to the government-run J J Hospital where all four died during treatment.
After the incident, Mumbai police, forensic experts and Food and Drug Administration (FDA) officials visited the house and had collected samples of every food item that constituted the family's last meal, including 'chicken pulav', watermelon, water, and other foodstuffs, and sent them to the Forensic Science Laboratory for analysis.
After the post-mortem of the deceased, their viscera was preserved for chemical analysis.
As the probe is underway, the microbiology department of the state-run J J Hospital has submitted its initial report to the police.
"As per the report, no bacterial infection has been detected so far in the bodies of the victims. No bacteria was found in their blood," the official said.
The exact cause of the death will be known once the forensic science lab submits its report, he said.
"The report will also clarify whether any food items consumed by the family members during the day contained anything poisonous," the official said.
