Rupee hits new low of 74.27, plunges 21 paise against USD
Mumbai, Oct 9 : The rupee erased all its morning gains to hit a new record low of 74.27 against the US dollar in afternoon trade Tuesday after Brent crude breached the USD 84 a barrel-mark again and the American currency strengthened overseas.
Moreover, unabated foreign fund outflows weighed on the rupee, traders said.
At the forex market, the domestic unit opened higher at 73.93 and advanced to 73.88 on fresh selling by exporters amid weakness in dollar against some currencies overseas.
However, it turned weak and slipped to trade at a fresh lifetime low of 74.27, showing a fall of 21 paise over its Monday's close of 74.06.
It broke previous record low (intra-day) of 74.23 reached on October 5. Foreign institutional investors (FIIs) sold shares net worth a net of Rs 1,805 crore Monday, provisional data showed.
Investors remained concerned over sustained foreign capital outflows and rise in crude oil price to 84.48.
Forex dealers said besides strong demand for the American currency from importers, concerns rising fiscal deficit and capital outflows weighed on the domestic currency.
Meanwhile, the BSE benchmark Sensex dropped by 87.79 points, or 0.25 per cent, to 34,386.59 during mid-session.
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Three dead due to suspected toxic gas inhalation inside septic tank at Raipur hospital
Raipur, Mar 17 (PTI): Three persons died, apparently due to inhalation of toxic gases, inside a septic tank at a private hospital here late Tuesday evening, police said.
The incident took place at Ram Krishna Care Hospital in Pachpedi Naka area, a police official said.
The deceased were cleaning the tank, he said.
Police had to struggle to retrieve their bodies, said the official.
"Prima facie, it seems they died after inhaling some poisonous gas inside," he said, adding that further investigation is underway.
