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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Two held for assaulting policemen over drinking in public
Bengaluru (PTI): Two police personnel on patrolling duty were allegedly abused and assaulted by a group of four youths after being asked not to consume alcohol in a public place, police said on Wednesday.
Two of the accused -- an engineering student and a software engineer, both in their 20s -- have been arrested in the case, they said.
Efforts are being made to nab the other two suspects, who have been identified, police added.
The incident occurred in the early hours of May 1, when the two personnel, attached to Amrutahalli police station, were patrolling on a two-wheeler near Akashavani Layout, they said.
According to police, while patrolling around 3 am, they noticed four youths who had stopped their car on the road and were consuming alcohol. When they were told to leave, as drinking alcohol in a public place is not permitted, one among them suddenly started abusing them.
When the policemen attempted to take out their lathi from the vehicle, the youths allegedly caught hold of them from behind, grabbed and dragged them, and tore one of their uniforms, the FIR stated.
They assaulted them with their hands and with rings worn, causing injuries to their faces. They also kicked them, causing pain, it said.
Thereafter, the accused allegedly snatched the key of their vehicle, pushed them to the ground, and fled the scene in their car at high speed, police said.
The policemen then immediately went to a hospital for treatment and lodged a complaint against four unknown youths, following which an FIR was registered against them under Sections 121(1) (voluntarily causing hurt or grievous hurt to deter a public servant from duty), 132 (assault or criminal force to deter a public servant from discharge of duty), 304 (snatching), and 3(5) (common intention) of the Bharatiya Nyaya Sanhita.
"We have arrested two people in the case and efforts are being made to nab the other two suspects who have been identified," a senior police officer said.
