Rupee falls 2 paise to hit lowest level of 83.15 against US dollar
Mumbai (PTI): The rupee fell 2 paise to hit the lowest level of 83.15 against the US dollar in early trade on Thursday amid a strong American currency and elevated crude oil prices.
Forex traders said, massive selling of equities by foreign investors in the past few sessions and subdued market sentiment also put pressure on the Indian currency.
Crude oil breached the level of USD 90 per barrel after oil producing countries agreed to extend supply cut till December this year, while dollar strengthened on safe-haven demand.
At the interbank foreign exchange, the domestic unit opened at 83.15 against the dollar, 2 paise lower from its previous close. The unit traded in a narrow range of 83.14 to 83.16 against the greenback.
On Wednesday, the rupee declined by 9 paise to close at 83.13 against the dollar. Earlier, the rupee had touched the level of 83.13 on August 21 this year.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell marginally by 0.01 per cent to 104.85.
Brent crude futures, the global oil benchmark, was trading 0.21 per cent lower at USD 90.41 per barrel.
In the domestic equity market, the 30-share BSE Sensex was trading 156.01 points or 0.24 per cent lower at 65,724.51. The broader NSE Nifty declined 47.10 points or 0.24 per cent to 19,563.95.
Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Wednesday as they offloaded shares worth Rs 3,245.86 crore, according to exchange data.
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Three arrested for running fake Aadhaar racket in UP's Badaun
Budaun (UP), Apr 30 (PTI): The Budaun Police on Thursday busted a gang allegedly involved in preparing fake Aadhaar cards and forged documents, and arrested three of its members, officials said.
The action was carried out in the Hazratpur area, where the accused were found operating an illegal setup to generate fake identity documents, they said.
The accused have been identified as Farman Ali, a resident of Munshi Nagla, Anuj Kumar of Uprela, and Brajnandan of Sirsauli.
The police said a fingerprint scanner, three laptops, a hard disk, a scanner, a large number of Aadhaar cards and several suspicious documents were recovered from their possession.
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During interrogation, it was revealed that the gang had been involved in preparing fake identity documents for a long time, misleading people and earning money through illegal means, officials said.
Station House Officer Pushpendra Singh said the accused have been produced before a court, and efforts are underway to identify and arrest other members of the gang.
He added that further revelations are likely as the investigation progresses.
