Landslide on Karnataka's Shiradi ghat, vehicles stranded
Mangaluru (Karnataka), Jul 27: A major landslide occurred on National Highway 75 in the Shiradi Ghat Yattinahalla-Sakaleshpura sector on Saturday, officials said.
As a result, vehicles travelling to Mangaluru and towards Bengaluru on the highway were stranded on each side of the landslide site, they said.
According to officials, personnel of the state highways department, armed with earthmoving equipment, have been engaged in the removal of the mud blocking the road. The roads will be cleared late Saturday evening or by Sunday morning.
ALSO READ: Landslide at Charmadi Ghat due to heavy rain causes traffic jam
Following the landslide, the district administrations of both Hassan and Dakshina Kannada have advised transport operators and private motorists to be aware of the situation.
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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.
