Shankaracharya demands relief package for Joshimath residents
Haridwar (PTI): Jyotish Peeth Shankaracharya Swami Avimukteshwaranand has demanded a special relief package for the people of Joshimath whose life is in danger.
Alleging that the Himalayan region is being ruined systematically in the name of development, the Shankaracharya said the life of thousands of people in the border town is in danger.
"A one time relief package for the people of the town must be announced by the government," the Shankaracharya said here while on way to the Himalayan town.
Describing Joshimath as a town of immense religious and cultural significance, he said even deity Vishnu to whom Badrinath temple is dedicated is worshipped during winter in the Narsingh temple of Joshimath.
"The deity may also need to be rehabilitated along with thousands of residents of the town," he told reporters here on Friday.
The Shankaracharya will visit Joshimath on Saturday.
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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.
