Rupee rises 8 paise to 85.58 against US dollar in early trade
Mumbai (PTI): The rupee rose 8 paise to 85.58 against the US dollar in early trade on Tuesday amid a positive opening in the domestic equity markets and robust foreign capital inflows.
However, rising global crude oil prices and a strengthening US dollar against overseas currencies capped sharp gains in the local unit, according to forex traders.
At the interbank foreign exchange, the rupee opened at 85.62 against the greenback before rising further to 85.58, higher by 8 paise against its previous close. The local unit appreciated 2 paise to close at 85.66 against the US dollar on Monday.
"The rupee is expected to remain in the range of 85.45-85.95 today (Tuesday). As markets await the outcome of US-China trade talks, the rupee has gone into a shell within the broad range of 85-86 with daily inflows and outflows deciding the movement on either side," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.
Foreign institutional investors (FIIs) purchased equities worth Rs 1,992.87 crore on a net basis on Monday, according to exchange data.
"For the day, importers may buy near 85.45 while exporters may sell above 85.80 (intra-day)", Bhansali said.
In the domestic equity market, the 30-share BSE Sensex rose 99.12 points, or 0.12 per cent, to 82,544.33 on Tuesday morning, while the Nifty rallied 32.15 points, or 0.13 per cent, to 25,135.35.
"The US dollar was steady as trade talks continued. The economic officials from the two countries (US, China) sought to defuse a bitter trade dispute while investors were less than willing to place major bets," Bhansali added.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading higher by 0.2 per cent at 99.13.
Brent crude, the global oil benchmark, rose 0.33 per cent to USD 67.26 per barrel in futures trade.
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Passing out parade held at IMA Dehradun, 491 young officers join Indian Army
Dehradun(PTI): After undergoing rigorous training at the Indian Military Academy (IMA) in Dehradun, 491 cadets participated in a grand Passing Out Parade on Saturday and will now be commissioned as officers in the Indian Army.
The spectacular parade, held at the historic Drill Square in front of the academy's Chatwood Building, was reviewed by Army Chief General Upendra Dwivedi, who served as the reviewing officer.
Along with 491 Indian cadets, 34 foreign cadets from 14 friendly countries also participated in the Autumn Term 2025 Passing Out Parade.
A total of 525 officer cadets from the 157th Regular Course, 46th Technical Entry Scheme, 140th Technical Graduate Course, 55th Special Commissioned Officers Course, and Territorial Army Online Entrance Exam 2023 Course participated in the Passing Out Parade.
The 'Sword of Honour' and gold medal for securing first place during training was awarded to ACA Nishkal Dwivedi, the silver medal to BUO Badal Yadav for second place, and the bronze medal to SUO Kamaljeet Singh for third place.
The silver medal for securing first place in the 'Technical Graduate Course' was awarded to Officer Cadet Jadhav Sujit Sampat, and the silver medal for first place in the 'Technical Entry Scheme-46' was awarded to WCC Abhinav Mehrotra.
The silver medal for the 'Special Commission Officer Course' was given to Officer Cadet Sunil Kumar Chhetri.
Among the foreign cadets, the first place in merit was secured by JUO Mohammad Safin Ashraf from Bangladesh. The Army Chief's Banner for overall best performance in the Autumn Term was awarded to Imphal Company.
As the parade concluded, helicopters showered flowers on the newly commissioned officers from the sky.
On this occasion, General Dwivedi congratulated the new officers in his address for successfully completing their training. He praised the young officers for their high level of discipline, leadership qualities, and endurance, and urged them to uphold the glorious traditions of the Indian Army and serve the nation with loyalty, commitment, and honour.
General Dwivedi said that joining the army marks the beginning of a lifelong duty and selfless service.
The parents and guardians of the newly commissioned officers were also present during the passing out parade.
