Rupee hits fresh record low of 70.81

Vartha Bharati | 30-08-2018 | 09:35:00 IST

Mumbai, Aug 30 : The Indian rupee plunged to a fresh record low of 70.81 to a US dollar during the morning trade session on Thursday.

Around 10.00 a.m. the Indian rupee was pegged at 70.68 after it touched 70.81 to a US dollar -- the lowest ever mark -- against the greenback.

It opened the day's trade at the Interbank foreign exchange market at 70.58 to a US dollar and soon surpassed its record low of 70.65 to a greenback on Wednesday.

According to analysts, continuous outflow of foreign funds, along with caution ahead of key macro-economic data, coupled with volatile global crude oil prices pulled the Indian rupee to a fresh low.

"Importers month-end US dollar demand and high crude oil prices have pulled the rupee lower," Anand Rathi Shares and Stock Brokers research analyst Rushabh Maru told IANS.

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Azim Premji Foundation Scholarship: How to apply, when to apply; details here

15-05-2025 ¦ 15-05-2025 IST

Azim Premji, an Indian businessman and philanthropist | PC: PTI

Bengaluru: The Azim Premji Foundation has announced the Azim Premji Scholarship for the academic year 2025–26, aimed at supporting up to 2.5 lakh girls across 18 Indian states who are pursuing higher education after completing school. An official release from the foundation also stated that in the coming years the scholarship will be implemented across the country.

When to Apply:

According to a release from the foundation, the application process for the Azim Premji Scholarship 2025–26 will commence in September 2025. “Details of the program and any changes in the program design or coverage will be notified at the start of the application process,” the release added.

Where to Apply:

According to the release, the scholarship this year will be implemented across 18 states, namely Arunachal Pradesh, Assam, Bihar, Chhattisgarh, Jharkhand, Karnataka, Madhya Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Odisha, Rajasthan, Sikkim, Telangana, Tripura, Uttar Pradesh, and Uttarakhand. Students residing in these states and enrolled in recognised higher education institutions will be eligible to apply.

How to Apply:

• Girls who have completed their Class 10 and 12 education in government (public) schools and have secured admission in a bona fide higher education institution either a government-run college/university or select private institutions can apply for the scholarship.

• Once the application portal opens in September, students will be required to submit personal details, educational qualifications, proof of admission, and bank account information.

• The scholarship amount ₹30,000 per year will be transferred directly into the students' bank accounts in two instalments each academic year, read the release.