Rupee jumps 29 paise against US dollar to 73.32
New Delhi, Oct 19: The rupee recovered early losses and finally settled 29 paise higher at 73.32 against the US dollar Friday, amid a weakening greenback.
Traders said the selling of the US currency by exporters and foreign fund inflows were the other factors that provided support to the home unit.
At the Interbank Foreign Exchange (Forex), the rupee opened lower at 73.62, but soon recovered the lost ground and jumped 31 paise to touch a high of 73.31 on increased selling of the American currency by exporters and banks.
The domestic unit settled the day up by 29 paise at 73.32 against the US dollar.
The rupee had settled 13 paise lower at 73.61 against the US dollar Wednesday. Forex market remained shut on Thursday on account of "Dussehra".
Meanwhile, market benchmark BSE Sensex plunged by 464 points or 1.33 per cent to close at 34,315.63 points due to losses in index major Reliance Industries, HDFC and Infosys.
"Despite the fall (in equity benchmark), rupee gained some weight supported by stability in oil prices," Vinod Nair, Head of Research, Geojit Financial Services Ltd.
Foreign fund inflows also supported the domestic currency. On a net basis, foreign funds bought shares worth Rs 140.02 crore, while domestic institutional investors sold shares to the tune of Rs 343.11 crore Wednesday, provisional data showed.
The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 73.4354 and for rupee/euro at 84.1741. The reference rate for rupee/British pound was fixed at 95.6525 and for rupee/100 Japanese yen was 65.27.
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Man arrested in Hyderabad for impersonating police officer using AI videos
Hyderabad (PTI): A 27-year-old man was arrested in Hyderabad for allegedly impersonating a police official and uploading fabricated videos on social media platforms to gain followers, police said on Wednesday.
The accused, who worked as a delivery executive with a food delivery aggregator, created and circulated misleading videos using AI-based software.
He falsely depicted himself as a police official and showcased weapons, potentially causing panic and misleading the public, a release from Hyderabad Police said.
Police said it came to their notice that fake videos were being circulated on social media, showing individuals posing as police personnel and displaying weapons.
Upon preliminary inquiry, it was found that the videos were fabricated using AI software and did not represent any real police activity.
The accused unlawfully impersonated a police official and created deceptive digital content, which is a punishable offence under relevant provisions of law.
Such acts can erode public trust and create unnecessary alarm, the release said.
Acting on credible information, police teams apprehended the accused and seized a mobile phone used in the offence.
A case under relevant sections of the BNS and the IT Act, 2000, was registered at Kalapathar Police Station.
Further investigation is underway to determine whether any other persons were involved in the creation and dissemination of such content, police added.
