Nagarkurnool (PTI): South Central Railway has joined the rescue teams that are engaged in locating the eight persons who remain trapped in the partially collapsed SLBC tunnel for the past six days, with necessary equipment, a senior official said on Friday.

Railways has the expertise in cutting heavy metals using equipment such as plasma cutter and Brocho cutting machine, South Central Railway (SCR) Chief Public Relations officer A. Sridhar said.

"District Collector, Nagar Kurnool sought the help of South Central Railway in rescue operation by clearing iron and steel debris that have been hindering the rescue works at the site,” Sridhar told PTI.

He further said that the SCR quickly responded to the call and deployed two teams of metal cutting experts in the rescue mission. The first batch led by S. Murali, Divisional Mechanical Engineer, consisting a senior Section Engineer, 13 Welders and two technicians from Secunderabad have reached the site and have taken up the required works. The second batch of experts also reached the site to support the first team, last night, he further said.

Meanwhile, Nagarkurnool Superintendent of Police Vaibhav Gaikwad said the metal cutting and debris clearing process is continuously going on.

"One team went into the tunnel at 7:00 AM. The clearing of debris has been going on since yesterday morning. Dewatering is also going on," he said.

Telangana irrigation Minister Uttam Kumar Reddy on Thursday said the rescue and relief operations are in full swing, and that the operation would be completed in two days.

The Minister on Wednesday said the TBM (Tunnel Boring Machine) that is struck inside will be cut into pieces by using gas cutters and removed. After this, the Army, Navy, Rat Miners and NDRF teams will make another serious effort to rescue the eight persons who are missing, without compromising their own safety.

Eight personnel working on the Srisailam Left Bank Canal (SLBC) tunnel project were trapped after a portion of the tunnel collapsed on February 22.

The trapped persons have been identified as Manoj Kumar (UP), Sri Niwas (UP), Sunny Singh (J&K), Gurpreet Singh (Punjab) and Sandeep Sahu, Jegta Xess, Santosh Sahu and Anuj Sahau, all from Jharkhand.

Of the eight, two are engineers, two are operators and the remaining four are labourers from Jharkhand.

The two engineers and four labourers are employed by Jaiprakash Associates, the contracting firm of SLBC tunnel project.

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Mumbai (PTI): The rupee depreciated 28 paise to 94.77 against the US dollar in early trade on Thursday as market sentiment took a dramatic turn after reports emerged that the US and Iran are discussing a 14-point Memorandum of Understanding (MOU) aimed at reducing tensions and reopening negotiations.

Forex traders said Brent oil prices, which had fallen to USD 98 on the US-Iran peace deal, edged slightly higher to USD 101 per barrel after investors weighed the prospects for a Middle East peace deal.

Moreover, factors such as unabated foreign capital outflows amid rising geopolitical uncertainties further dented investor sentiment.

At the interbank foreign exchange market, the rupee opened at 94.77 against the US dollar, registering a fall of 28 paise over its previous close.

On Wednesday, the rupee appreciated 69 paise to close at 94.49 against the US dollar.

"Markets are currently focused on the critical 48-hour window during which the US expects Tehran’s formal response through Pakistani mediators," said CR Forex Advisors MD Amit Pabari.

US President Donald Trump on Wednesday threatened Iran with more bombing if it doesn't reopen the Strait of Hormuz, amid a report that the warring sides were nearing an agreement to end the war.

US media outlet Axios reported, quoting US officials and two other sources, that the US and Iran were getting close to a one-page memorandum of understanding to end the war and set a framework for more detailed nuclear negotiations.

The US expects Iranian responses on several key points over the next 48 hours, Axios reported, adding that nothing has been agreed yet. This was the closest the parties had been to an agreement since the war began.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 98.01, down 0.01 per cent.

Brent crude, the global oil benchmark, was trading higher by 0.65 per cent at USD 101.83 per barrel in futures trade.

On the domestic equity market front, the 30-share benchmark index Sensex declined 160.24 points to 77,798.28 in early trade, while the Nifty was down 30.25 points to 24,300.70.

Foreign Institutional Investors offloaded equities worth Rs 5,834.90 crore on Wednesday, according to exchange data.

On the domestic macroeconomic front, the country's goods and services exports rose 4.6 per cent to an all-time high of USD 863.11 billion during 2025-26, up from USD 825.26 billion in 2024-25, despite global economic uncertainties, according to revised commerce ministry data.

Merchandise exports grew 0.93 per cent to USD 441.78 billion in the last fiscal year from USD 437.70 billion in 2024-25, the data showed.