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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Class 12 student dies after being attacked by juniors
Kumbakonam (Tamil Nadu) (PTI): A Class 12 student of a government school near here has succumbed to his injuries early Sunday morning after he was allegedly attacked by a group of Class 11 students, police said.
Fourteen class 11 students of Government Arignar Anna Model Higher Secondary School in Patteeswaram allegedly attacked their senior student on December 4, following a clash between their respective classes, they added.
The accused students hit the boy on the head with a wooden stick, leaving him seriously injured, police said.
The boy’s parents rushed to the school on being informed and admitted him to the Government Hospital in Kumbakonam. He was later shifted to a private hospital in Thanjavur for further treatment, police said. He had to be operated on to remove the blood clot in his brain.
On Sunday, around 2.30 am, he succumbed to his injuries, police confirmed. The 14 accused have been arrested and lodged in a juvenile home.
Patteeswaram Police said they had initially registered an attempt to murder case. "After post-mortem, we’ll alter it into a murder case," an official said.
