Rupee falls 14 paise against US dollar in opening trade
Mumbai, Oct 8: The rupee dropped by another 14 paise to 73.90 per dollar in early trade Monday as the US currency gained in global markets amid unabated foreign fund outflows.
The dollar strengthened after China's central bank eased its domestic policy to support the economy.
China's central bank said on Sunday that it was cutting the reserve requirement rations (RRRs) by 1 per cent from October 15 which will inject a net USD 109.2 billion in cash into the banking system, amid a deepening trade war with the US that has increased pressure on growth in the world's second largest economy.
Forex dealers said the dollar's strength against major global currencies weighed on the rupee sentiment.
On Friday, the rupee had lost 18 paise to end at record low of 73.76 after collapsing to a life-time low of 74.23 (intra-day) after the RBI unexpectedly kept the policy rate unchanged.
Foreign investors have pulled out over Rs 9,300 crore (USD 1.3 billion) from the Indian capital markets in the last four trading sessions.
Meanwhile, the benchmark BSE Sensex continued to fall, losing another 67.72 points, or 0.20 per cent, to 34,309.27 in early trade Monday.
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Congress targets Maharashtra govt over acid attack on minor girl
Mumbai, Mar 18 (PTI): An alleged acid attack on a Class 6 girl student in Sangamner prompted the Congress to slam the Maharashtra government in the legislative assembly on Wednesday, alleging deterioration in law and order in the state.
Calling the alleged incident in Ahilyanagar district “extremely disturbing”, Congress legislature party leader Vijay Wadettiwar accused the government of failing to curb crimes against women and minor girls.
Raising the issue through an adjournment motion, Wadettiwar demanded an immediate discussion, claiming that the minor is in a serious condition and the accused are yet to be arrested.
He questioned how the accused managed to flee after committing such a serious offence. The Congress leader also criticised the functioning of the local police, alleging inefficiency and corruption, and said such lapses embolden criminals.
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Wadettiwar further claimed that incidents of atrocities against minor girls have increased in the state, and the government has failed to take effective action.
Speaker Rahul Narwekar took note of the issue and directed the government to present a detailed statement in the house on the incident at the earliest.
Congress member Nana Patole demanded that the girl be brought to Mumbai and given better medical care for free.
He said the girl has suffered serious facial injuries that could affect her future. The incident reflects poorly on the administration, he said.
Failure to apprehend the culprit has heightened anxiety among citizens and the victim’s family, he added.
