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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Man arrested for keeping daughter's body at home for four months after death in Meerut
Meerut (UP) (PTI): A 72-year-old man has been arrested for allegedly keeping the body of his daughter inside their house for nearly four months after her death, officials said on Thursday.
A resident of Teli Mohalla in the Sadar Bazar police station area, Udaybhanu Biswas did not perform the last rites of his 35-year-old daughter Priyanka after her death and kept the body in a locked room of the house.
The matter came to light in April after local residents alerted police about a strong foul smell emanating from the house, they said, adding that he was formally arrested on Wednesday.
Preliminary investigation revealed that Priyanka had died due to illness on December 1, 2025. Biswas stayed in the house with the body for several days and allegedly used perfume to suppress the foul smell.
Police recovered the decomposed body from the house on April 10. The body had largely turned into a skeleton by the time it was found, sources said.
The body was sent for post-mortem examination after completion of legal formalities, they added.
According to police, Biswas is originally from West Bengal and is a retired administrative officer from the education department.
Police said he has undergone psychiatric evaluation at Sardar Vallabhbhai Patel Medical College and was formally arrested on Wednesday.
