Senior Congress leader Iqbal Ahmed Sardagi passes away at 80
Kalaburagi: Senior Congress leader Iqbal Ahmed Sardagi has passed away at the age of 80. Sardagi, who served as a Member of Parliament for Kalaburagi Constituency from 1999 to 2009 and later as a member of the Karnataka Legislative Council from 2014 to 2020, breathed his last on Tuesday night in a private hospital following an illness.
Educated in B.A. and LLB, Sardagi was known for his dedicated service to the Congress party and his active involvement in various government committees. Born on June 5, 1944, in Kalaburagi, he leaves behind his wife, son, and daughter.
The funeral rites, including the Namaz-e Janaza, will be conducted at the mosque near the National College in Hafat Gumbaz area on Wednesday evening at 5 PM, as announced by Shakeel Sardagi, a youth leader of the Congress party and a family member.
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Rupee falls 9 paise to all-time low of 90.58 against US dollar in early trade
Mumbai (PTI): Rupee depreciated 9 paise to an all-time low of 90.58 against US dollar in early trade on Monday, weighed down by uncertainty over an India-US trade deal and persistent foreign fund outflows.
Forex traders said rupee is trading with a negative bias as investors are in wait and watch mode and awaiting cues from the India-US trade deal front.
At the interbank foreign exchange market, the rupee opened at 90.53 against the US dollar, then fell further to an all-time intraday low of 90.58 against the greenback, registering a fall of 9 paise over its previous close.
On Friday, the rupee had slipped 17 paise to close at an all-time low of 90.49 against the American currency.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent lower at 98.35.
Brent crude, the global oil benchmark, was trading higher by 0.52 per cent at USD 61.44 per barrel in futures trade.
On the domestic equity market front, the 30-share benchmark index Sensex was trading 298.86 points lower at 84,968.80, while the Nifty was down 121.40 points at 25,925.55.
Foreign Institutional Investors sold equities worth Rs 1,114.22 crore on Friday, according to exchange data.
"FPIs continue to be in selling mode in equity and debt while RBI has been selling dollars to fund their long positions," said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.
