Rupee devalues to record low near 70.20
Mumbai, Aug 16 : Wider trade deficit, along with recent outflow of foreign funds, weakened the Indian rupee to a fresh record low during the early morning trade session on Thursday.
At 9.45 a.m., the rupee traded at 70.18-19 after it had plunged to 70.32-33 -- the lowest ever -- against the greenback.
On Tuesday morning, the Indian currency had plunged to 70.08 -- its previous lowest ever mark -- against the greenback.
At the end of the intra-bank trade session on Tuesday, the Indian rupee strengthened by four paise at 69.90 against the dollar, compared to Monday's close of 69.94 per greenback.
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For supporters, ''Thalapathy'' Vijay becomes ''Muthalamaichar'' Vijay
Chennai (PTI): As actor-politician Vijay-led TVK appeared inching towards the majority mark of 118 Assembly seats out of the total 234 segments in Tamil Nadu, celebrations by party workers and fans erupted across the state.
Amid chants of 'TVK' and 'Vijay,' party workers gathered outside the party headquarters at Panaiyur near here and distributed sweets and hailed the party founder as "Muthalamaichar (Chief Minister) Vijay, who continues to be popular as "Thalapathy (Commander, his film title)."
Meanwhile, visuals of Vijay's father Chandrashekar and some family members expressing joy and happiness appeared in some television channels. Vijay's party is leading in at least 108 seats out of the total 234 segments.
