TN CM Stalin announces USD 1 million prize for decoding Indus valley script
Chennai, Jan 5: The Indus valley script remains an unsolved riddle for over a century, Tamil Nadu Chief Minister M K Stalin said here on Sunday and announced a prize of US dollar 1 million to those who decipher it.
Inaugurating a 3-day international conference to mark the centenary of the discovery of the Indus civilisation, Stalin said,"We are still unable to clearly understand the script of the Indus valley civilsation that once flourished."
Efforts are on to this day by scholars to solve the riddle and in order to encourage such efforts, a prize of US dollar 1 million will be provided to individuals or organisations that solves the riddle, he announced.
The Indus civilsation, one of the earliest, is reputed for its urban culture and its script has not been decrypted yet. The fading away of such a civilisation, and its context, also remains a riddle.
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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.
