Rupee rises 1 paisa to 88.11 against US dollar in early trade
Mumbai (PTI): The rupee rose 1 paisa to 88.11 against the US dollar in early trade on Friday on the back of a weaker greenback and a drop in global crude oil prices.
However, sustained FII outflows capped further gains in the local unit, according to forex traders.
Positive sentiments in the domestic equity markets further lent support to the rupee, which had slipped to its record low-level earlier this week, they said.
At the interbank foreign exchange, the rupee opened at 88.11 against the US dollar and then slipped to 88.15 before returning to 88.11, up 1 paisa from its previous close.
The local unit fell 10 paise to close at 88.12 against the US dollar on Thursday.
"The rupee is expected to remain in a range of 88-88.30 for today (Friday) as we await US non-farm payrolls data," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said, pointing out that the Reserve Bank of India has been protecting 88.20 since the past four days.
The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.24 per cent to 98.10.
Brent crude, the global oil benchmark, was trading 0.15 per cent lower at USD 66.89 per barrel in futures trade.
On the domestic equity market front, Sensex rose 318.55 points to 81,036.56 in early trade, while Nifty rallied 98.05 points to 24,832.35.
Foreign institutional investors offloaded equities worth Rs 106.34 crore on Thursday, according to exchange data.
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Karnataka School Edu Dept prohibits children from being made to dance to obscene songs
Bengaluru (PTI): The Karnataka School Education Department has issued a circular strictly prohibiting children from being made to dance to obscene songs in educational and cultural programmes.
It stated that such dances would negatively impact students' mental health and moral values. It will create indiscipline and harm the sanctity of education.
"All the Deputy Directors (Administration) of the state's School Education Department have been asked to take strict measures to prevent children or students from dancing to obscene songs in all government, aided and unaided schools in the state," the office of the commissioner of the School Education Department said in a recent circular.
"If it is found that children are being made to dance to obscene songs, appropriate action will be taken against the headmaster or management of such school," it added.
The department also listed certain measures in this regard, which include: strictly prohibiting children from being made to dance to obscene songs during educational and cultural programmes; selecting songs that are inspiring, positive, instilling national pride in children and reflecting the greatness, dignity, values, culture, and morality of the state.
Stating that the school headmaster and management are responsible for selecting songs and dances for cultural programmes, it said, they should also ensure that students wear decent clothes in dance or cultural programmes.
