Rupee rises 8 paise to 88.62 against US dollar in early trade
Mumbai (PTI): The rupee appreciated 8 paise to 88.62 against the US dollar in early trade on Thursday amid a weak American currency and lower level of crude oil prices overseas.
Positive sentiment in domestic equity markets also supported the Indian currency even though selling pressure from foreign investors prevented a sharp gain, forex traders said.
At the interbank foreign exchange, the rupee opened at 88.51 and went up to 88.49 before trading at 88.62 against the greenback in early deals, up 8 paise from its previous closing level.
The domestic unit had settled with a gain of 7 paise at 88.70 against the dollar on Tuesday. The foreign exchange markets were closed on Wednesday on account of the Prakash Gurpurab holiday.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.16 per cent to 99.90.
Brent crude, the global oil benchmark, rose marginally by 0.17 per cent to USD 63.63 per barrel in futures trading.
In the domestic equity market, Sensex climbed 321.81 points or 0.39 per cent to 83,780.96 in early trade while Nifty rose 57.05 points or 0.22 per cent to 25,654.70.
Foreign institutional investors sold equities worth Rs 1,067.01 crore on Tuesday, according to exchange data.
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Woman duped of Rs 25 lakh in fake Canada visa scam; 1 held
Shimla (PTI): A woman has been arrested from Punjab for allegedly duping another woman of Rs 25 lakhs by promising her to arrange a visa for Canada, police said on Monday.
The accused has been identified as Manju Kumari, a resident of Punjab.
Senior Superintendent of Police SSP Shimla Gaurav Singh said that Manju had contacted the woman several months ago and had promised her to arrange a visa for Canada.
"After this, she asked for money for the same from the victim, which she transferred to her on multiple occasions. However, as time went by, Manju started to make various excuses and ignored her calls," the SSP said.
Upon suspecting being defrauded, the victim's brother registered a complaint, and a case was registered under sections 318 (4) (cheating), 61(2) (criminal conspiracy) and 352 (2) (intentional insults designed to provoke a breach of peace) of Bharatiya Nyaya Sanhita (BNS), the SSP said.
"Police teams were sent to Haryana and Punjab, but she kept evading arrest as she kept changing her locations as well as her mobile numbers. However, the police teams successfully arrested her on Sunday from a flat located in Kharar in Punjab," he said.
Further investigation into the matter is underway, and the defrauded money is also being recovered, he added.
