Rupee hits fresh record low of 70.81
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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Karnataka MLC Nazir Ahmed visits Ajman Ruler’s Court, Thumbay Medicity
Ajman, UAE: Karnataka Legislative Council member and Political Secretary to the Chief Minister, Nazir Ahmed, visited the Ajman Ruler’s Court and Thumbay Medicity, strengthening ties between Karnataka and the UAE.
At the Ruler’s Court, Ahmed met Sheikh Dr. Majid bin Saeed Al Nuaimi, Chairman of the Ruler’s Court, to discuss avenues for collaboration in healthcare, education, and research. He extended an invitation to Sheikh Majid to visit Bengaluru and proposed a future delegation of high-level officials from Karnataka to Ajman and Thumbay Medicity.
As part of the visit, Ahmed toured Thumbay Medicity’s state-of-the-art healthcare, medical education, and research facilities. Praising the institution’s achievements, he described it as a global hub for healthcare excellence.
Commending the efforts of Dr. Thumbay Moideen, founder and president of Thumbay Group, Ahmed acknowledged his role in establishing Thumbay Medicity as a leader in the field. “It is a matter of immense pride to witness Dr. Thumbay’s remarkable progress and the iconic achievements of Thumbay Medicity,” he said.
Dr. Thumbay expressed gratitude for the visit, emphasizing the importance of collaborations that benefit both the UAE and India. “This visit marks a significant milestone in strengthening our shared vision for excellence in healthcare and education,” he stated.
Thumbay Medicity in Ajman is known for its advanced healthcare services, cutting-edge medical education, and pioneering research. It continues to gain global recognition as a model for integrated healthcare and education.
