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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Man arrested for for raping mute woman in Jamshedpur
Jamshedpur (PTI): One person was arrested on the charge of raping a 30-year-old woman with speech impairment in Jamshedpur, a police officer said on Tuesday.
The incident occurred in the Azadnagar police station area of the city, and a case in this regard was registered based on the statement of the victim's brother on Monday.
The victim had gone to fetch water from the premises of a company on Monday evening. When she did not return even after a considerable time, family members went out in search of her and caught the accused red-handed, police said.
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The accused was a caretaker of the company.
Deputy Superintendent of Police (Patamda) Bachandeo Kujjur said due to scarcity of water in the area, the victim used to fetch water from the premises of the company.
