Rupee rises 14 paise against US dollar in early trade
Mumbai, Jan 10: The rupee Thursday appreciated 14 paise to 70.32 against the US dollar in early trade amid weakness in the American currency on uncertainty over Federal Reserve rate hikes following the release of Fed meet minutes.
Forex traders said the weakness in the US dollar against other currencies overseas, falling crude oil prices and fresh foreign fund inflows pushed the rupee higher.
The minutes of US Fed's latest policy meeting showed the policymakers may slow the pace of rate hikes to prevent a slowdown in the economy.
At the Interbank Foreign Exchange, the rupee opened weak at Rs 70.49, but soon appreciated to 70.32 against the greenback, up 14 paise over its previous closing price.
The rupee on Wednesday had depreciated by 25 paise to close at 70.46 against the US dollar.
Brent crude, the global benchmark, was trading lower at 60.89 per barrel, lower by 0.90 per cent.
Meanwhile, foreign funds bought shares worth Rs 276.14 crore from the capital markets on a net basis, while domestic institutional investors bought shares worth Rs 439.67 crore on Wednesday, provisional data showed.
The benchmark BSE Sensex was trading down 27.62 points, or 0.08 per cent at 36,185.29, while the NSE Nifty was trading at 10, 839.65, down 15.50 points, or 0.14 per cent.
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Janasena MLA loses Rs 12 lakh in fake RTA challan cyber fraud
Polavaram (Andhra Pradesh) (PTI): Andhra Pradesh police have registered a cyber fraud case after Janasena MLA C Balaraju lost Rs 12 lakh by clicking on a malicious APK file, a police official said on Sunday.
According to police, the incident occurred on March 6 when the legislator unknowingly accessed the fraudulent link, leading to unauthorised transactions from his bank account, following which he approached the National Cyber Crime Helpline and registered a complaint.
"We have registered a case after Janasena MLA C Balaraju from Polavaram constituency lost Rs 12 lakh by clicking on a malicious Android Package Kit (APK) file posing as an Road Transport Authority (RTA) challan," the official told PTI.
Fraudsters have transferred all amounts from the MLA's account after he clicked on the suspicious APK file, he said.
The complaint was later forwarded to the local police station on March 21 for further investigation, he added.
Meanwhile, police have registered a case under Section 318(4) BNS and Section 66 D of the IT Act and initiated a probe into the incident.
According to police, bank statements revealed that the withdrawn amount was traced to an ATM located in West Bengal.
It is suspected the involvement of an organised gang, possibly with international links, behind the cyber fraud, the official added.
