Court rejects parole petition of Nejaru murder accused
Udupi, Feb 10: The Udupi Judicial First Class Magistrate Court has rejected the parole petition submitted by Praveen Chowgule, the accused in the murder of four persons of a family at Nejaru in Udupi.
The accused had filed the request on February 8 stating he be granted parole to travel to Sangli in Maharashtra to participate in the last rites of his brother who passed away on February 1.
However, senior assistant public prosecutor H M Nadaf opposed the plea, citing concerns regarding law-and-order problems if the accused is given temporary release. He also pointed out that the accused has not submitted the death certificate of his brother, casting doubts on the legitimacy of the request.
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Following a thorough consideration of the arguments presented, Judge Deepa ruled against granting parole to the accused and issued an order to the effect.
Meanwhile, police sources said the investigating team is slated to submit the charge sheet in the murder case to the Udupi court on February 12. Four persons of a family were allegedly stabbed to death by the accused on November 12 last year.
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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.
