INS Nireekshak continues underwater search for 6 missing fishermen off Mangaluru coast
New Delhi, Apr 17: Indian Naval Ship (INS) Nireekshak continued its underwater search on Saturday to find six fishermen who have been missing since their boat collided with a foreign cargo vessel off the Mangaluru coast on Tuesday, Navy officials said.
They said the bodies of three fishermen that were recovered on Friday were handed over to the local authorities in Mangaluru on Saturday.
There were a total of 14 fishermen on Indian fishing boat Rabah when it collided with Singapore-registered vessel MV APL Le Havre around 41 nautical miles west of the Mangaluru coast on Tuesday.
While two of the 14 were saved by the Singaporean vessel's personnel immediately, three bodies were recovered a little later on Tuesday itself.
INS Nireekshak was pressed into action on Friday and it recovered three more bodies after a couple of hours of search operation. These three bodies were handed over to the local authorities in Mangaluru on Saturday, Navy officials said, adding that the search for the remaining six fishermen continues.
INS Nireekshak is a diving support vessel that can undertake deep sea diving operations using specialised equipment and naval divers.
Other Indian naval ships Subhadra and Tillangchang, along with an aircraft from the naval air station in Goa, have also been deployed since Wednesday to search for the missing fishermen, the officials noted.
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Rupee falls 9 paise to record low of 90.87 against US dollar in early trade
Mumbai (PTI): The rupee plunged 9 paise to a record low of 90.87 against the US dollar in early trade on Tuesday, weighed down by sustained FII outflows and no breakthrough in the India-US trade deal.
However, a weaker greenback and a decline in global crude oil prices capped further losses in the domestic unit, according to forex traders.
At the interbank foreign exchange, the rupee opened at its all-time low of 90.87 against the US dollar, down 9 paise from its previous close, and traded in a narrow range of 90.77- 90.87 in early trade.
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The rupee on Monday settled at a new all-time low of 90.78 against the US dollar, registering a loss of 29 paise over its previous close, weighed down by uncertainty over an India-US trade deal and persistent foreign fund outflows.
"The US-India trade deal still seems to be off by a distance with the Commerce Secretary saying the first phase will be signed before the end of the year and news that we are closest to the deal being signed. The uncertainty has clouded the recovery on the USD/INR pair as the rupee opened lower with dollar buying happening every day," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.
Even a reduction in trade deficit on Monday could not bring about a recovery in the rupee with Foreign Institutional Investors (FII) outflows continuing, he added
According to the latest government data released on Monday, India's trade deficit narrowed to a five-month low of USD 24.53 billion in November, as exports rebounded by 19.37 per cent to a six-month high of USD 38.13 billion after contracting in October, driven by higher shipments of engineering and electronics goods.
At the same time, the country's imports dipped by 1.88 per cent to USD 62.66 billion due to a fall in the inbound shipments of gold, crude oil, coal, and coke.
FIIs sold equities worth Rs 1,468.32 crore on Monday, according to exchange data.
Also, wholesale price inflation stayed in the negative for the second consecutive month in November at (-) 0.32 per cent, even though there was an uptick in prices of food articles like pulses and vegetables on a month-on-month basis, government data showed on Monday.
Wholesale Price Index (WPI)-based inflation was at (-) 1.21 per cent in October and 2.16 per cent in November last year.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.03 per cent lower at 98.27.
Brent crude, the global oil benchmark, was trading 0.61 per cent lower at USD 60.19 per barrel in futures trade.
On the domestic equity market front, the 30-share benchmark index, Sensex, declined 363.92 points to 84,849.44 in early trade while the Nifty was down 106.65 points to 25,920.65.
